• 10 tips to find bargains

    Susan Erasmus gives advice on how bargain hunters can get the most bang for their buck.

  • Inside Labour

    Labour's bitter breaches need to be seen in historical context, says Terry Bell.

  • Rich getting richer

    Economists differ on how to tackle the chasm between rich and poor, says Leopold Scholtz.

See More

Over R50 000 gone in 6 hours

Nov 21 2012 12:43

Related Articles

Bank card details leaked - Pasa

Over 50% of credit card fraud in Gauteng

Major pyramid scheme exposed

Civil service fraud cost SA R300m

Beware cheque scams - Sabric

Banking clients robbed of R180m in 2010

A Fin24 user tells how his wife fell victim to cellphone bank fraudsters. He writes:

My wife was a victim of credit and debit card fraud recently. She banks with Absa.

On October 24 2012, she was experiencing a problem with her cellphone number.

She went to Cell C and purchased a new sim card after they told her it was faulty and needed to be replaced. When she went to draw cash at an ATM, to her horror she was notified that she had insufficient funds.

She found it very strange as she did have plenty of cash in her account.

She immediately called the Absa call centre and froze her accounts after doing a balance enquir,y only to find there was no cash in her account.

Upon investigation at the bank the next day, she discovered that an amount of R8 160 was transferred from the savings account to another Absa account, an amount of R16 000 was transferred from her money builder account into her savings account and out to other Absa accounts.

Because her credit card was also linked to her savings account, they further transferred an amount of R26 000 from her credit card account into her savings account and out.

This was all done within a six-hour window period.

She was told that it would take approximately 10 to 14 days to investigate and rectify the fraud issue.

Since then an amount of R8 160 had been refunded, and we are still trying to get the balance of the money back.

The issue of her experiencing problems with her sim card on the day of the fraud is because she had the cellphone notification service on her account, and the fraudsters actually tampered with her cell number so that she could not receive the SMSs informing her of the activity on her account.

Absa's fraud division is investigating how fraudsters could gain access to my wife's phone and we are awaiting information from them.

 - Fin24

Something on your mind? Give us your feedback on editor@fin24.com.

Disclaimer: All articles and letters published on MyFin24 have been independently written by members of the Fin24 community. The views of users published on Fin24 are therefore their own and do not necessarily represent those of Fin24.

Fin24 reserves the right to obtain service providers' comments before publishing any articles or letters, and to edit any material used. Fin24 also reserves the right to edit or delete any and all user comments received.


Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

myfin24  |  fraud


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Add your comment
Comment 0 characters remaining

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:


Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.

10 most expensive cars In the world

This is car porn at its best!


Luxury living

Seven of the most expensive children's toys ever made
5 millionaires turned murderers
The youngest billionaires in the world and how they made it
Watch: Flying first class has never been this luxurious!

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

How do you see your boss? He/sheis:

Previous results · Suggest a vote