A bank customer was recently defrauded to the tune of R72,000, and a car tracking company is hounding a client for payments on a contract she thought had lapsed.
28 August 2020 - 13:38
Most sellers are wise to the cheque deposit scam, which is enabled by the fact that banks are entitled to credit the value of a cheque to their customer’s account before they have received the value of the cheque itself. The seller releases the goods, only to find out later the cheque was a dud. Absa said the term “mixed deposit” would be “sunsetted” together with cheques at the end of the year.Don’t expect a contract to end by itself
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Beware 'mixed' bank deposits & automatic contract extensionsMost sellers are wise to the cheque deposit scam, which is enabled by the fact that banks are entitled to credit the value of a cheque to their customer’s account before they have received the value of the cheque itself.
Read more »
Beware 'mixed' bank deposits & automatic contract extensionsMost sellers are wise to the cheque deposit scam, which is enabled by the fact that banks are entitled to credit the value of a cheque to their customer’s account before they have received the value of the cheque itself.
Read more »
Ajax lose ground in race for automatic promotion, advantage SwallowsTshepo Matsemela’s brace dented Ajax Cape Town’s automatic promotion hopes as they lost 2-1 to JDR Stars at Rand Stadium yesterday. Swallows beat Richards Bay 2-0 in the simultaneous game, taking the Dube Birds level on 54 points with Ajax at the summit heading into the finale on Sunday. Swallows are now top of the table by virtue of a better goal difference.
Read more »
JSE faces mixed Asian markets on ThursdayWall Street was at a record high overnight, with all eyes on the Jackson Hole economic symposium in the US
Read more »
JSE faces mixed Asian markets on Friday after Fed policy stanceThe US Federal Reserve's messaging that it will tolerate higher inflation implies lower interest rates for longer in the world's largest economy
Read more »
Asian markets are mixed after US inflation policy shiftFed chair Jerome Powell’s plans for 2% average inflation leave some traders wanting more details about how the framework will work
Read more »