This site requires JavaScript to be enabled. Please enable JavaScript in your browser settings, or upgrade to a modern browser.

Verify bank details before you pay - every single time

Loading player...

Wendy Knowler unpacks the growing threat of Business Email Compromise (BEC) fraud after a South African man lost nearly R80,000 to scammers posing as a trusted supplier. With courts placing responsibility on the payer, Wendy shares essential fraud prevention tips — including verifying banking details before making payments. Learn how to protect yourself from invoice scams, payment fraud and online banking fraud.

15 Jun English South Africa Education · Self-Improvement

Other recent episodes

Sold a dud car on finance? Chase the bank

If you buy a used car on finance and it turns out to be a lemon, don’t spend all your energy on the dealer. The bank that financed it is on the hook too. Our Supreme Court of Appeal confirmed it recently: when a bank finances a defective car, it…

24 Jul 1 min

“Show Me the Podium": the phrase that could save you thousands on car finance

When you apply for vehicle finance through a dealership, the finance manager submits your application to multiple banks - and gets back a "podium" showing every offer, with different rates and terms. They're not obliged to show you all of them, and have every incentive to push the one earning…

23 Jul 1 min

Know when your cellphone contract ends — or face a bill up to three times more

When your cellphone contract expires and you haven't given 30 days' notice to cancel or signed a new deal, your network can move you onto a month-to-month rate — at a dramatically higher price. Nadene's MTN contract was R189 a month. When it expired at the end of May, she…

22 Jul 1 min

That grocery app search result isn't showing you the best deal — it's showing you who paid the most

When you search for a product category on a grocery app like Checkers Sixty60, the results aren't random — they're influenced by which brands have paid for keyword placement. Search "tea" and Five Roses appears first; the far cheaper Checkers own-brand equivalent – Forage & Feast - doesn't show up…

21 Jul 1 min

Wait 72 hours before committing to anything you didn't plan to buy

Retailers - online and in-store - are experts at manufacturing urgency such as flash sales, "only 2 left," countdown timers. The antidote is simple: wait three days before purchasing any unplanned, non-essential item. Write it down if you need to, then revisit after 72 hours. Research consistently shows the urge…

20 Jul 1 min

All episodes