Every day, fraudsters use a variety of information to take money from people’s bank accounts, one of which is the Bank Verification Number (BVN). Who says scammers can’t withdraw money from your bank account using your BVN? It’s very doable, my brother, with additional details like your birthday and a one-time password. If you are currently reading this article, we will expose the 5 tricks they pull to get access to your account to steal money.
1. OTP Code
Fraudsters can withdraw money from your bank account utilizing numerous internet platforms using BVN, BOD, and OTP. Read also: 4 Ways to Protect Your Online Business From Credit Card Scams
Here are five ways that scammers might obtain your BVN and BOD and use them to withdraw funds from your bank account.
2. Phone Number
Some people post their phone numbers on social media; they can use your phone number to call you and persuade you to give out your BVN and BOD by claiming that you are having issues with your bank account or ATM.
3. Email Address
Fraudsters use a variety of email addresses that seem similar to those used by banks. They can use any of your emails to send you an email asking for your bank account information. Checkout: 9 Ways To Save Your Electricity Consumption
4. Unsecured Loan Websites
Unsecured loan websites can be used by fraudsters to obtain your BOD. Applying for a loan through an unlicensed loan website is never a good idea.
Because fraudsters might obtain your BVN and BOD from lost phones, it’s not a good idea to keep your BVN on your phone.
5. Bank Verification Number
Fraudsters can obtain your bank account information from discarded documents containing your BVN and BOD.
Unsecured loan websites can be used by fraudsters to obtain your BVN and BOD. Applying for a loan through an unlicensed loan website is never a good idea.
Because fraudsters might obtain your BOD from lost phones, it’s not a good idea to keep your BVN on your phone.
Have you ever been duped?
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