Security and fraud prevention
Customer security is the number one priority for banks regarding the safety of your money. Australia’s banks work hard to prevent their customers from becoming victims of any kind of financial crime.
At the same time, as a banking customer there are things you can do, and simple precautions you can take to protect yourself and your money. This section offers tips on protecting your personal information, your money, credit and debit cards against fraud and misuse.
If you cannot access any of the fact sheets, please freecall 1800 009 180 and we will arrange to get you a copy of the information that you require.
- Stay safe when banking on the go with your mobile and tablet
- False information circulating on email about PINs
- Money Mules Explained
- Online Shopping
- Protect your Financial Identity
- Protecting Your Information Online
- Protect Your Kids Online
- Safe Banking at ATM’s
- Safety Check – Protecting your money
- Small Business – Protecting Your Business Information Online
- Transacting $10 000 in Cash – New Laws require banks to collect and Report information to the regulator
- Warning to students – don’t get caught by mule scams
SCAMwatch is a website run by the Australian Competition and Consumer Commission providing information to consumers and small businesses about how to recognise, avoid and report scams.
Stay Smart Online
The Australian Government’s cybersecurity website provides information for Australian internet users on the simple steps they can take to protect their personal and financial information online.
Have you been contacted by someone claiming to be from the Australian Banking Association?
This is a long-running scam. Never provide your password or PIN to anyone. If in doubt, contact your bank.
There is a long-running ABA telephone scam targeting households at random around Australia.
Callers claim to be from the Australian Banking Association, or a variation of the name, and are trying to defraud people by asking about their satisfaction with their bank or convincing them to transfer money to receive some money they are owed. Don’t fall for it!
The Australian Banking Association does not conduct customer satisfaction surveys or contact the public in these ways. If you receive a phone call such as this, do not provide any information – just hang up.
If you have given any details to these callers, contact your bank as they can take action to protect and monitor your account.
Some of the techniques used by these scammers include:
- Asking who you bank with, how long you have banked with them and your level of satisfaction.
- Asking for personal and banking details, including your name and driver’s licence number, bank account or credit card number, PINs or internet banking login.
- Telling people they are owed a ‘refund’ for overcharged bank fees but they have to pay a fee for it. They ask people to send money via post or Western Union.
Please note that banks will never ask you for PINs or confidential internet banking details. This information is the key to your account and should always be kept confidential.
For more information visit www.scamwatch.gov.au
Protecting your financial identity
- Don’t provide your PIN or internet banking login or password to anyone.
- Guard the following identity information carefully and only provide to trusted people and entities: date of birth, current address, driver’s licence number and passport details.
- Delete spam and scam e-mail – if the offer sounds too good to be true, it probably is.
- Keep your anti-virus and firewall software up-to-date.
- Do not respond to requests that ask you to call unknown or unverified phone numbers.
- Be very careful about clicking on links in emails. Do not use links to access trusted websites. Enter the correct address for websites into the address bar of your browser.