The ads are tempting with profit and ends with cleaning the invoice. Bank warning

Bank Millennium has published an important message on the security of funds on its website. The appeal is not only addressed to the clients of this institution, but to all bank account holders. In a special section devoted to the protection of users, the bank reminds that the growing popularity of pseudo-investment advertised in social media is a simple way to lose money. The mechanism is always similar: ads promise fast, simple and “safe” profit, which particularly tempts people struggling with financial problems. Clicking on advertising and leaving contact usually ends with a conversation with a “adviser”, which step by step urges to provide data.

Do not provide this information

Millennium emphasizes directly: providing to anyone a scan of proof, login data to banking or information on a payment card means giving full control over finance fraudsters. False brokers often declare that they will “take care of everything”, asking for access to applications, passwords or installation of unknown software. These are standard grips that allow you to take over the bill and reset your account.

The bank also indicates how to reduce risk. Before investing, check the credibility of the subject: Search its name together with the words “fraud” or “scam” and review various sources of opinions. It is also worth verifying whether the broker is on the list of warnings of the Polish Financial Supervision Authority. This is a basic filter that helps quickly catch suspicious offers. The key rule is: Never send scans of identity documents and don’t install programs from unknown sources.

Method of fraudsters

Particular vigilance should be kept when a transfer from an unknown sender goes to the account, and the “adviser” asks for immediate transfer of funds further. This is a common element of the practice that is to divert attention and draw into a chain of transactions. In this situation, it’s best to abstain from action and contact the bank or police immediately. Millennium emphasizes that quick consultation with a financial institution can protect against the consequences of a costly error.

The message is part of a wider wave of warnings published by the sector. As reminded, also other institutions – including Santander – provide customers with relevant information about threats. The common denominator is one: there is no “guaranteed” profits, and the real investor does not demand logins, passwords or copies of documents. Preserving elementary precautionary principles and verification of intermediaries is a necessity for anyone who wants to safely manage their money.