Bank customers should be aware of bank-related scams to avoid falling victim to them, the SA Banking Risk Information Centre (SABRIC) said on Tuesday.

“We want to warn customers to be vigilant during the festive season, especially around scams that promise you huge returns with minimal effort,” chief executive Kalyani Pillay said in a statement.

These included “advance fee scams”, where the victim receives an sms or e-mail informing them that they have won a prize and urging them to contact someone in order to claim it.

However, the fraudster would try to convince the victim that they need to pay a fee in order to claim the prize.

Read more in the next print edition of Steelburger.