Kuda Bank Fake Transfer & Payment Alert: How To Be Safe

A bank literally different from all other known payment apps. At first, we visit banks to deposit and withdraw our earnings and other financial activities. Sometimes, you might be busy or have something doing which might stop you from visiting the bank. If you go to banks, the queue alone is a challenge you have to battle with.

So there is need for a bank you can access from the comfort of your home. That’s where Kuda microfinance comes into play. This bank eliminates the need to visit any bank, the bank operates a digital platform where you can do all your transactions using your mobile app.

However, scammers are wrongly making the use of technology to dupe innocent souls of their money through creating of fake account which appears to be just like the real account.

To know how to identify kuda fake transfer and payment account and how you can be safe, stay with us to the very end.

How do Fake Transfer Works?

Fake transfer is a kind of bank transaction performed by scammers using fake account just to cheat you and make away with your money. They will make you believe they have sent you your funds, you will never receive alert for the transaction. Even if you receive the alert, it will not count in your balance.

The worst part of it is that, once they get exposed, they change to other plan. Meanwhile, the knowledge they have if well used can serve as boost for our country’s development but yet, they are making wrong use of it.

It’s very important to make enquiry on how to identify those accounts and that’s what we are here to show you.

What do Kuda Bank do?

Kuda microfinance bank is a digital bank that makes banking activities easier for customers. From your comfort zone, you can make transfers, make payment, pay bills and lots more on the app. All you have to is download the app on Google play or better still visit their website.

This bank does not only operates in Nigeria, it works all around Africa. You can also apply for their softPOS as an agent. It’s just an easier form of POS business where you don’t need a POS machine, your smartphone serves as the terminal. It’s flexible, durable and affordable.

Strategy used by Scammers to Cheat Customers

These scammers use different strategies in cheating innocent citizen. But let me make something clear to you, there’s no way you can be created without having access to your Sim card. As far as they can’t get access to your Sim card, they can’t access your funds.

So, they try their possible best to lure you into giving them all they need to steal away your money.

ALSO READ: How To Set SMS Alert On Kuda

Furthermore, in some business ventures, scammers would design receipt showing they have already made payment, if you are not careful, you might fall victim to their attack. Check receipt very well before you give your goods and wait for credit alert also.

How to Identify Fake Account and be Safe

It’s sometimes impossible to think you can identify a fake kuda account without any enquiry, if you don’t want to fall victim to this attack, follow these steps below.

Get Update from Official Channel

Don’t only depend on USSD, track your funds through bank app, from there you can go through all the transactions carried out. Also, from the comfort of their app, you can easily contact their customer care and believe me, the experience is pleasant.

Check Your Account After Each Transaction

If at a business place a customer wish to transfer funds to you, it’s recommended you check your last transaction. This will keep you updated. With this, if there’s any increase in your balance, you can easily detect.

Be Vigilant About your Bank Detail

When it comes to keeping secret about your sensitive information, your bank details should fall within. If possible, cram your details and dispose the written form. Being vigilant to some extent can save you from been duped.

Bonus points

Aside using fake account to perform transactions, these scammers us other means to dupe people again.

Through your social media account, they could easily request for your account number. Once you fall for their temptation, they will use your account to perform a fraudulent act and you will be held responsible for that. You need to be cautious about the person you give your account number to.

Don’t allow yourself to be deceived, your relatives can be used to cheat you especially if you aren’t on good terms.

FAQ

How do Fake Transfer Works?

Fake transfer is a kind of bank transaction performed by scammers using fake account just to cheat you and make away with your money. They will make you believe they have sent you your funds, you will never receive alert for the transaction.

How does Kuda bank operate?

Kuda microfinance bank is a digital bank that makes banking activities easier for customers. From your comfort zone, you can make transfers, make payment, pay bills and lots more on the app. All you have to is download the app on Google play or better still visit their website.

What is Kuda Bank?

Kuda bank is a mobile money platform that plays the role of a conventional bank. It helps in the saving, spending and utilisation of funds for effective management.

How do I identify fake alert?

Follow the steps below:

1. Get Update from Official Channel

2. Check Your Account After Each Transaction

3. Be Vigilant About your Bank DetailBonus points

What is Kuda bank’s website?

Kuda bank can be reached with the website www.kuda.com

Conclusion

Kuda microfinance bank has really changed many things from the way they use to be. But the issue of this scammers is rather making their use uncomfortable. So we need to be cautious and smart.