2024-04-23 | Awas Modus

Beware of Fake Promo Offers On Behalf of Banks!

Who doesn’t love promos while shopping? These promotions allow you to buy an item at a lower price or get other bonuses with your purchase. However, it is also common for many fake promo offers to mislead customers.

You need to be more cautious about fake promo offers or discounts that may seem tempting. It is essential to understand more about fake promo offers and how to avoid this fraudulent mode.

Characteristics of Fake Promo Offers

You also need to know the characteristics of fake promotional offers. Here are some of the most common ones used by fraudsters.

1. Promos that are too good to be true

Any business will always provide a reasonable promo. If the promo is too good to be true, it probably is. For example, if a promotion offers a very high discount, numerous product bonuses, or a long-term instalment system with terms that are too easy, it is likely a fake promo.

2. No time frame

Promotions are typically limited to a specific time frame. That means the promo can only be obtained from the predetermined start date to the end date. If there is no time limit specified, it is most likely a fake promo. Be cautious of such offers.

3. No terms and conditions

Banks of businesses usually set terms and conditions for consumers who want to get the promo. For instance, the minimum shopping requirements or the promo can only be used once or twice on the same day. Fraudulent entities, on the other hand, tend to provide either very lenient or no terms and conditions.

4. Not published on official channels (through fake websites/accounts)

Authentic promotional offers are generally advertised on official websites and social media platforms of the company or the bank offering them. If you can’t find the information online, you can be sure that it’s a fake promo.

How to Avoid Fake Promo Offers

Since this scam can cause financial losses, it is important to know how to prevent falling prey to it. Here are some steps you can follow to avoid fake promo offers.

  1. Do not be easily enticed by promo offers from any party. Take a closer look at the form and system of the promo offered.
  2. Verify the source. If it appears to be dubious or unfamiliar, it’s highly likely a scam.
  3. Check the BCA official social media accounts and website to learn about the ongoing promo.
  4. Do not share any personal information or make any payments before ensuring that the promo offer is legitimate.
  5. If you come across any fake accounts purporting to offer promotional offers from BCA, promptly notify HALO BCA 1500 888 to ensure the removal of the fake accounts.

You can also report through the haloBCA application, which is available for download on both the Play Store and App Store.

We urge you to be mindful of safeguarding your data and to refrain from engaging with individuals who may falsely claim to represent BCA and offer fake promotions. To further increase your awareness, you can learn about other types of fraud on AwasModus.