In this weekly segment of bite-sized chunks of useful information, consumer journalist Wendy Knowler summarises news you can use.
You can also protect your identity by adding your name to the SAFPS’s protective registration list. It’s a free service, and what it does is red flag your identity with credit providers so when an application is made in your name, the company doesn’t proceed unless the person is able to verify their identity by means of other forms of identification.You can get that protection in few minutes by visiting the SAFPSand clicking on"Protect Your Identity".
Here’s why you have to be: one very small mistake could send your money into a stranger’s account, a stranger who may not feel inclined to pay it back. If you transpose two digits in an account number, the money will transfer if the number is a valid account with that bank.