How to keep your bonus and stokvel money safe this festive season

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As companies prepare to pay bonuses and stokvel dividends are split ahead of the festive season, the South African Banking Risk Information Centre (Sabric) says people need to make sure their money is safe from criminals.

For better safety when doing online shopping, banking clients are encouraged to have a robust firewall and install a good antivirus programme.

Sabric advised banking clients to avoid keeping unnecessary personal information in wallets or purses, writing down pins, using predictable pins and sharing information with supposed bank officials over the phone. Other tips that were applicable all year round were to simply avoid online purchases from websites that you do not know, buying items that are priced too low and seemingly too good to be true, clicking on links that lead you out of the original site and avoiding ATMs in secluded or dimly lit areas.

 

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