You can claim money listed under your name in the register. Learn about unclaimed money and how to claim or lodge it. Law firms and licensed conveyancers can now complete sale, purchase and stamp duty transactions online with greater transparency, confidence and control.
Be suspicious of any message that asks you for sensitive information via email or text. Remember to Stop, Check, and Reject if you come across an investment opportunity that appears to be an imposter bond investment scam. We’re aware of a new type of investment bond scam purporting to be supported by the Australian Securities and Investments Commission (ASIC). If you have received a message or email that does not seem genuine or includes an urgent call to action, remember to Stop, Check and Reject.
Variations of a number of CommBank-themed phishing SMS messages are in circulation. This phishing message also attempts to create a false sense of urgency, by suggesting that the link provided is only valid for one day. This email informs recipients that they must update their personal details in order to use their NetBank account, due to the ‘COVID-19 virus’. Do not click on links within the email, or reply to the sender. A number of customers have reported receiving a fraudulent SMS that claims their NetBank access has been restricted. For more details about our KYC processes, visit commbank.com.au/KYCcollect.
Some scams even have manipulated or deepfake videos featuring well-known figures to falsely endorse these groups and add credibility to the scam. Individuals are being targeted through social media ads that encourage them to join messaging groups, such as WhatsApp, where they are subsequently pressured into engaging with fraudulent investment schemes. These campaigns involve fake social media profiles that promote fraudulent investment schemes through sponsored ads on platforms such as Facebook, Instagram betting sites and TikTok. We are aware of widespread social media campaigns impersonating CommSec and its employees, including well known investment and economic personalities.
- We will not ask you to redeem points via a link in an email or SMS message.
- Trading in derivatives or with any other form of leverage (margin), may result in losses surpassing your original investment or deposit.
- As such, great care should be taken when using a betting site as they can be addictive.
- We have observed a range of email and SMS phishing activity attempting to exploit concerns about compromised personal data or accounts.
About best term deposit interest rates in Australia
The fraudulent message prompts recipients to click on a malicious link within the email in order to restore your Netbank access. A number of fraudulent SMS messages targeting CommBank customers are currently in circulation. A large number of fraudulent SMS messages targeting CommBank customers are currently in circulation.
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They should also have transparent terms and conditions that clearly outline wagering rules, bonus requirements, and withdrawal policies. You must be at least 18 years old to register and place bets with any Australian betting site. However, sports betting is legal and regulated under the Interactive Gambling Act 2001, with many local sites licensed in the Northern Territory.
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Furthermore, these scams often require payments to be made to non-CommBank accounts. The fraudulent message prompts recipients to click on a malicious link within the SMS, in order to prevent their card being added to Apple Pay. Furthermore, these scams often require urgent payments to be made to random third party accounts. The links contained in the articles take you to a fake, non-CBA domain to complete the ‘Expression of Interest’ and register. Scammers have recently published links on different social media sites/apps to fake articles exploiting CBA’s recently published move to integrate our Crypto trading platform into the Commbank app.
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These scams can be difficult to detect as the calls often appear to come from legitimate numbers. You can also review our investment scams information to learn more about recognising these scams. We’re aware of fake CommSec advertisements appearing on social media, particularly on Instagram, that attempt to deceive people into engaging with investment scams. We will never ask you to click through a link on an email and enter personal details. If you (or someone you know) has been targeted or lost money as a result of being scammed contact your financial institution immediately, and report it.
In return, you earn a fixed rate of interest on your invested money. It’s important to be aware, though, that you may be offered a different interest rate on the new term, which could be lower. This means the investment return over time is harder to predict. The interest rates on savings accounts are generally variable as well, which means they could change at any time based on economic conditions. This is because not all providers follow the rule that longer term periods mean higher interest rates.
Gamblers Anonymous Australia is a group of individuals who share their experiences to try to help each other recover from gambling addiction through regular meetings and support groups. However, should you wish to seek independent help for gambling-related harm, there are several organisations you can turn to for support, advice and information, as outlined below. As such, great care should be taken when using a betting site as they can be addictive. It is believed over half of all adults in Australia participate in gambling every year and while the large majority of bettors do so responsibly, it can sometimes get out of control. Betfair Australia stands out as the nation’s sole licensed betting exchange, offering a unique platform where punters bet against each other rather than a traditional bookmaker.
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. Generally this process will be simpler if you’re already an existing customer with the financial institution offering the term deposit that you’re interested in. Applying for a term deposit works in much the same way as applying for a regular bank account.