CommBank urges potential investors to contact any financial institution directly if they are offered any investment product to check whether it is genuine. Victims will be asked to provide their contact details and are then offered Term Deposit or bond rates from a range of financial institutions and banks. Remember, the National Anti-Scam Centre will never ask for money, financial, or personal information, nor will they threaten you.
Current versions of this message advise of a missed call and include a link to allow you to listen to a voicemail. Do not click the link, reply to the email, or provide any details. A fake email purporting to be from CommBank prompts recipients to click on a malicious link after telling them an unrecognised device has attempted to sign into their account.
- If locking away your money in a term deposit does not appeal to you, an alternative you might consider is a high-interest savings account.
- Term deposits are considered a safe investment, although you may not earn as much interest from a term deposit as you might by pursuing some alternative investment strategies, such as share trading.
- Be wary of unsolicited contact, avoid clicking on links and always verify the legitimacy of the organisation offering assistance or requesting donations.
- Using unlicensed offshore gambling operators is illegal in Australia.
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Please stay aware and report any suspicious messages that reference the incident. Scammers often take advantage of such events to distribute fraudulent messages. These texts may appear genuine and could even show up in the same message thread as legitimate communications from CommBank. Be suspicious of any message that asks you for sensitive information, or to complete tasks like updating software, or giving remote access via email or text.
A recent trend has occurred where customers are being targeted on Facebook by the celebrity CFD scam with Commonwealth Bank branding. We continue to monitor all our customer accounts closely to help protect you from unauthorised activity. We have observed a range of email and SMS phishing activity attempting to exploit concerns about compromised personal data or accounts. Once these details are provided the scammer will then steal the customer’s funds. The scammer is then able to convince the customer to provide further details, including payment information such as card details, as a protective measure in response to the data breach.
Remember to carefully check to see how the term deposit rate varies for different term durations, as a longer investment period doesn’t always mean a higher interest rate. Some longer term deposit rates can be lower than mid-term investments. With a term deposit you agree to lock away your money for a set period of time where it will accrue interest at the set interest rate. When a term deposit reaches its end, you can choose to withdraw some or all of your money, or you can roll the funds over into a new term deposit. Savings accounts can often be useful for short-term savings goals, due to the readily available access to funds.
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If you’re ever unsure whether an email is legitimate, contact us /contactus or through your Relationship Manager. Scammers often impersonate widely used services such as DocuSign to steal credentials and gain unauthorised access to accounts. As well as seeking money, scammers will often attempt to obtain passports, visa numbers, and other forms of ID. If you receive a message like this, don’t click the link or share your personal information. We’re aware of an email currently circulating, that urges customers to confirm their identity by logging on to NetBank directly from a link in the email. These scams attempt to trick you into moving or paying money, or giving out your personal information.
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The fraudulent messages prompt recipients to click on a malicious link within the message by informing them that their account or card has been suspended and details need to be updated or more information provided. These messages contain links to fake websites and ask you to input information such as your NetBank ID, password, card details and NetCodes. These messages contain links to websites impersonating postal delivery services and ask you to input information such as your NetBank ID, password, card details and NetCodes to pay for a redelivery fee. We’re aware of a large number of email and SMS messages currently circulating that urge customers to provide their details by logging on to a site impersonating NetBank directly from a link in the email or SMS. These messages contain links to websites impersonating postal delivery, however clicking them will lead to false websites that steal personal and financial information.
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BetStop – the National Self-Exclusion Register™ is a safe and free Australian Government initiative to block yourself from all licensed Australian online and phone gambling providers. It’s as easy as creating a betting account. The best bookmakers online based overseas generally have some features that you won’t find at the top Australian bookies, including live betting, sign up bonuses, free bet offers and some outstanding promotions. Each of our approved online sports bookmakers has fully integrated iOS apps for Apple iPhone and iPad betting, available for free download at the App Store. The advent and ongoing advancement of mobile betting technology has made it easier than ever for Australian punters to make real money wagers on the go.
Some online gambling is legal, but only through licensed Australian operators. Not all online gambling sites are legal in Australia and some are unsafe. Legitimate sites will offer responsible-gambling tools like deposit limits, time-outs, and self-exclusion options. To deposit, log into your account, visit the “Cashier” section, select your preferred method and follow the prompts. During account signup, bookmakers will verify your identity and age using official documents (e.g., driver’s license or passport) to ensure compliance with gambling laws. The legality of online gambling in Australia varies depending on the type of activity.
Fake online gambling sites might look legitimate and promise big wins, but they often won’t pay your winnings or let you withdraw any money you gave them. With a term deposit, the rate is fixed for the set term of the investment, and the investment outcome is typically highly predictable. But unlike term deposits, most high-interest savings accounts require you to meet certain conditions in order to accrue the higher interest on your savings. If you held $500,000 in two different term deposits, one with Westpac and one with St George Bank, only $250,000 of your money would be covered under the Financial Claims Scheme. That includes any term deposits you have with a listed financial institution.
Trading in derivatives or with any other form of leverage (margin), may result in losses surpassing your original investment or deposit. When placing your money with a broker, you need to make sure your broker is secure and can endure through good and bad times in the broader financial markets. Our reporting segments span regulated land-based gaming (Aristocrat Gaming), regulated online real money gaming (Aristocrat Interactive) and social casino (Product Madness). We offer a diverse range of products including our industry leading land-based casino games, hardware and systems, online real-money gaming, iLottery as well as our free-to-play social casino games.