The Banking Plug

Less banking jargon. More money wisdom. Your global plug for smarter banking, practical tips, money hacks and financial insights for wherever life takes you.

[The Banking Plug @Thebankingplug]

Keeping your account active with occasional legitimate transactions can help avoid inconvenience.

[The Banking Plug @Thebankingplug]

Dormant Accounts!

Did you know that if you don't transact on your account for a long period it automatically falls into dormancy?

A dormant account can;
*Restrict Transactions
*Require a tedious reactivation process before you can use it again.

[The Banking Plug @Thebankingplug]

Never Share Your OTP
#Security Tip
Your bank will never ask for:
*Your PIN
*Your One-Time Password(OTP)
*Your Internet Banking Password
*Your Mobile Banking Password
If anyone asks for these, it's a Scam.

[The Banking Plug @Thebankingplug]

The sooner you report it, the better your chances of limiting losses.

[The Banking Plug @Thebankingplug]

Always Read SMS Alerts

Sms alerts aren't just notifications, they're your first line of defence against fraud

If you receive a transaction alert you don't recognize:
*Contact your bank immediately
*Block your card/account if necessary
*Don't assume it will 'sort itself out'