Protect Yourself from Purchase Scams 

At iFAST Global Bank, we prioritise your personal and financial well-being and aim to keep you informed about potential scams and would like to offer guidance on how to protect yourself.  

What is a Purchase Scam?  
 
A purchase scam happens when you pay in advance for items or services that are never delivered. Scammers often create fake websites with slightly changed URLs to look like real ones, tricking you into making a payment. They might also use auction sites or social media, where they steal pictures from legitimate sellers to make their offers seem real. Additionally, fraudsters may use cloned websites or send fake invoices and receipts that appear to be from genuine sellers. They usually attract people with tempting offers for in-demand items, such as tickets to popular events or electronics, and may ask for upfront payment as well as extra charges for shipping or insurance, all while using fake documents to seem credible. 

To protect yourself from these types of scams, you can refer to the Financial Conduct Authority (FCA), which provides valuable resources and tools to help you stay safe. For more information, visit their website here: FCA protect yourself from scams

How to protect yourself from fraud ?  

· Verify Sellers: Research sellers and check their credentials before purchasing. Be wary of deals that seem too good to be true.  

· Use Secure Payments: Opt for secure payment methods, avoiding bank transfers to unfamiliar sources.  

· Report Suspicious Activity: If you suspect fraud, please contact us immediately through our Live Chat or email us at customerfraudsupport@ifastgb.com.  
  
For more tips on safeguarding yourself against fraud, check out: Purchase Fraud | Take Five to Stop Fraud (takefive-stopfraud.org.uk)