John Awuah, the Deputy CEO of the Ghana Bankers Association, has indicated that bank clients who fail or cannot link their GhanaCards to their bank accounts before the July 1 deadline, will not lose their accounts but will have their risk profile enhanced.
As a result, Mr. Awauh warned, banks would increase their due diligence when these consumers attempted to conduct business.
the Ghana Card will be the only identification card that can be used to conduct transactions at all Bank of Ghana licensed and regulated financial institutions including i. Banks; ii. Specialized Deposit-Taking Institutions; and iii. Non-Deposit-Taking Financing Institutions, effective from July 1, 2022," the Bank of Ghana stated in an official statement.
If you don't have it by June 30, your account will not be terminated but your risk profile will be enhanced and therefore, there will be further due diligence that the banks will ask before you can transact," Mr. John Awuah stated in an interview with TV3.
You don't want to put yourself in this position. As a result, the GhanaCard offers additional security features for your comfort and protection. Several institutions have emailed their customers with links to correct their information."
According to EOCO's warning, fraudsters are taking advantage of the process of linking the GhanaCard to bank accounts in order to steal money.
Fraudsters, according to EOCO, are sending messages to potential victims requesting their bank account information, mobile app PINs, and their mobile phone numbers.
It has been noted with considerable concern, according to an EOCO statement released on June 30th, that a significant number of the general population have fallen victim to fraudulent banking activities.
"Fraudsters have taken advantage of the continuous drive for customers of banks to link their accounts to Ghana Card. " When it comes to bank fraud, people are tricked into updating their account information by receiving bogus notifications in the mail.
Bank account names and phone numbers as well as mobile app PINs and one-time passwords are requested from customers as a means of verifying identity." In other cases, scammers have even gone so far as to call members of the public and ask for this information.
Warning: EOCO advises against clicking on any link claiming to be from your bank unless you have confirmed with yours.
Content created and supplied by: Devarsh_Arena (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More