Skip to content

Warning! New ‘Direct Debit’ Text and Phone Scam on the Rise

Age Friendly Ireland | National

FraudSmart

ebc2e0b5 b713 2636 31e3 5f673d509fcf

FraudSMART is warning the public of a new text message and phone scam in which victims are convinced their bank account has been hacked and persuaded to move their money to a so-called ‘safe account’ in order to protect it. Consumers are being warned to be extra vigilant of unsolicited text messages and phone calls and to be aware that banks will never ask customers to transfer funds to keep their account safe. 

Victims receive a text message impersonating their bank, alerting them to a ‘new’ direct debit

Outlining how the scam works and what consumers need to look out for, Niamh Davenport, Head of Financial Crime, BPFI, stated: “This is a very recent scam detected by FraudSMART members and unfortunately, we are seeing cases begin to rise, with customers, on average, being conned between €6 – €8k, so we are calling on the public to be alert and know how to protect themselves. The scam is particularly deceptive and unfolds through a number of convincing text messages and phone calls. Victim initially receives a text message impersonating to be their bank, falsely alerting them to a ‘new’ direct debit that has been set up on their bank account. The text advises that if they didn’t set up this direct debit, they should call the phone number in the text message immediately. This mimics the style of legitimate messages we might expect from banks or service providers when changes are made to our accounts, making it seem more convincing. However, banks will never include phone numbers for customers to ring within a text message.” 

If the customer calls the number in the text message they end up speaking directly to the fraudster

Ms Davenport continued: “If the victim calls the number in the text message they are told they are speaking to the bank’s fraud department but are in fact speaking directly to the fraudster. They are advised that there account is at risk and, in order to protect their money, they have to transfer their funds and close their account. They are asked to open their banking app or desktop while on the call, set up a new payee or ‘safe account’ using an IBAN provided by the fraudster and transfer their money into this new account, which the fraudster in fact controls. This is often followed by a text message ‘confirming’ that the new IBAN will be processed in 24 hours, along with details of the amount transferred and a fake ‘lodgement reference’, in order to further persuade the victim that its legitimate and also delay detection.”

Ms Davenport added: “These fraudsters can be very skilled at convincing people and gaining your trust, using variety of psychological techniques known as ‘social engineering’, so it’s possible for any of us to be caught out if we’re not alert. The most important thing to remember is to be very cautious of unexpected texts or phone calls and if in any doubt, ignore the text message or hang up the call, and phone your bank immediately using the number on the back of your bank card.”
 
How to protect yourself from phone and text scams:

1. Do not reply to unsolicited text messages or provide personal or financial information. 
2. Do not use phone numbers provided within the text of a text message. Contact your bank using the number on the back of your debit / credit card.
3. Do not click on a link in an unsolicited text message – remember your bank will never send you a link in a text message.
4. If someone is pressuring you on the phone to take urgent action, hang up and call the number on the back of your debit / credit card. Never give away personal information, bank card payment details, bank account details or security details such as your PIN or online password to anyone.  

Remember: Your bank will never ask you to transfer money from your account to a ‘safe account’ or any other kind of account. Contact your bank and the Gardaí immediately, if you think you have responded to a scam text message or phone call.   

Help Keep Your Family and Friends Safe
Anyone can be a target of this kind of scam and new types of scams and frauds are continually emerging that are increasingly more complex and convincing.

Share this alert with your family and friends so that they too can stay safe and encourage them to >> sign up for the FraudSMART fraud alerts << which we issue when a new scam is in circulation.  

Be Informed, Be Alert, Be Secure – Be FraudSMART  

Latest News

smaller JAM card

JAM Card

Age Friendly Ireland | National

The National Transport Authority, along with Bus Éireann, Dublin Bus, Go-Ahead Ireland, Iarnród Éireann, Luas and Local Link are JAM Card® friendly. JAM Card® allows people with a communication barrier …

AFU DCU

Age Friendly University Updates

Age Friendly Ireland | National

Now Opening Enrollment for our Semester 2 Program Audit modules will kick off on January 13th, so be sure to look at what is on offer and register with Grainne if …

AF Louth Full Col 150 dpi

Promoting Positive Ageing In Drogheda

Age Friendly Ireland | Local | Louth

Age Friendly Louth hosted a workshop in The Barbican Centre Drogheda on 28th November 2024. The purpose of the workshop was to discuss and agree a suite of projects to …

HSE Logo

National Patient Representative Panel

Age Friendly Ireland | National

A lot is happening within the patient partnership space throughout not only the HSE but also within the Department of Health and other healthcare agencies and organisations. The partnership landscape …