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【ZA Bank】Anti-fraud reminder: Take care of your ZA Bank account!

Tony Wong
8-23-2023
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【ZA Bank】Anti-fraud reminder: Take care of your ZA Bank account!

As the world of finance and technology continues to develop and evolve, there are more and more ways in which crooks and scammers will try to take advantage of you, your money, and your bank account 🤨 Our reminder today will focus on why you should NEVER lend or sell your bank account and NEVER share your personal credentials with another person.

 

Firstly, you expose yourself to the risk of committing money laundering offences, of which the maximum penalty is imprisonment for 14 years and a fine of HKD 5 million. Secondly, not only is it against the law, but you could also end up enabling great harm to others by letting money-launderers do their dirty work through your bank account! 😖

 

Here are a few examples in which money-launderers can try to take advantage of you to get you to lend or sell your bank account:

 

Fake employer/job

 

We know the job market may be tough 😔 and bosses can be demanding… but be on guard! Someone might pose as a potential employer and ask you to lend your bank account for transferring and receiving money!

 

Quick cash

 

Someone could approach you directly and offer to pay you money to use your existing bank account, or to open a new one under your name for their use! But ask yourself… Is it worth it to potentially go to jail over a few extra thousand HKD?

 

Just remember – protecting your bank account details also means protecting yourself! You can remind yourself of the following:

 

• Never reveal your digital or mobile banking details to another person, such as your username or password 🤐

 

• Don’t save your bank account details or login information on your mobile device! If you must do so, then don’t lend your mobile device to another person.

 

• Keep your authentication device (e.g. smartphone) safe and prevent others from accessing your bank account. For example, you can enable your device to automatically lock after its screen times out.

 

• If you have any enquiries 😊 you can always contact our customer service team via ZA Bank App 📱 or by calling the number 3665 3665.
 
Your bank account is yours, and yours alone. Don’t lend or sell your account to anyone! Be safe, and always look out for fraudsters trying to take advantage of you!
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