Mind your money
Keeping Your Money Safe
Keeping Your Money Safe
What we want you to take out of this
lesson:
❦❦ Be aware – be careful with your
money
❦❦ Understand a little more about
keeping your money safe online and
electronically (e.g. debit cards, pin
numbers)
❦❦ We don’t want you to become
paranoid or freak out. But we do want
you to know what financial abuse is so
that you can recognise it if you need
to, for yourself or for your friends or
family.
Abuse
You can talk confidentially to us if these
issues affect you or someone you know.
Example
❦❦ Someone calling you on the phone
and pretending to be your bank in
order to get your account details
What is financial abuse?
Financial abuse is like being bullied.
It can be someone you trust like...
a family member, partner, support
worker, friend​​
Fraud
“The crime of getting money by
deceiving people” , in other words using
tricks and deceit to get money from
people.
❦❦ Taking advantage of your money
❦❦ Misuse of your money
Bad money management/
Keeping Your Money Safe can be
The other 2 categories in Keeping your
Money Safe involve other people being
dishonest. However individuals are
responsible for making bad decisions
and no one else.
split into three areas:
❦❦ Abuse
❦❦ Fraud
❦❦ Bad Money Management/
Making Bad decisions
Making bad decisions
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Some Dos and Donts of
Keeping your Money Safe
DO’S
Check your receipt
Pay with PayPal security
Look for padlock when looking at
financial stuff online
Phone your bank if you are concerned
DON’TS
Don’t let your debit card out of your
sight
Don’t give your card details out (unless
you are totally sure)
Don’t let people know your PIN no
Check your bank statements
Don’t give your password or username
out, for email or online banking – your
bank will never ask for it
Don’t worry alone – ask for help
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When we talk about keeping your money safe
we also have to talk about internet safety
Internet Security — Email Scams
The following examples are real emails that were sent to people in order to try and
get their personal information and trick them out of money... this is financial abuse.
Subject: Charity Project
Greetings to you and sorry if this message came to
you as a surprise. My name is Mrs.Rebecca Lemonde
widow, I found your email address in my late husband
Mr. Lemonde’s address book.
I am presently admitted at the hospital suffering from
a blood cancer. I have some money that I inherited
from my late husband in the amount of £5,500.000.
I wish to know if I can trust you to use the funds
for a charity project and 10% will go to you as
compensation. If you could send me your bank details
I will transfer the money to you directly.
Yours in Christ,
Mrs. Rebecca Lemonde
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Subject: Inheritance Payment
Cardiff Magistrates Court - section 4
Notice of heir.
The magistrate of the district of Cardiff invites you to
be the sole beneficiary of Ms. Dorothy Height. You are
due an inheritance in the region of 1 million pounds.
You are required to respond to this notice with your
telephone information and banking details so that the
money may be transferred.
Your immediate response is required.
Sincerely,
Jim L.
Remember
❦❦ Be very wary of any emails requesting your personal
information, or any payment.
❦❦ Be wary of anyone saying that you have won the lottery, are
due inheritance, or wish to transfer you money for any reason.
❦❦ If it sounds too good to be true, it probably is!
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Subject: Account Review Notification
Due to recent upgrade of our database in a bid to
enhance our online services and customer satisfaction
for the new banking season you are required to verify
your online banking account to ensure you have access
and enjoy the new features of our online banking.
Please note that failure to do so may mean that you
will be unable to use internet banking, you may not be
able to use any cash machine, and will not be able to
access your funds. It may also lead to the permanent
closure of your bank account.
You are required to click on the link below for
immediate verification. Please have to bank details to
hand as you will be asked for them in the next section.
This example is known as a “Phishing scam”
This is when an email claims to be from an organisation, like a bank and they ask you
to click on a link which takes you to a website that looks real but actually is not. When
you log in with your account details and password on the fake site, the bad guy gains
access to your private information.
Remember
❦❦ If you are not sure, check with your bank first before sending any information or
clicking on any links.
❦❦ There are many different types of email scams…if you are not sure about an email,
ask for help.
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Internet Safety
Shopping Safely Online
❦❦ Ensure you have effective and
updated antivirus software and
firewall running before you go online.
If you don’t know- ask!
❦❦ Know who you are buying from. If you
haven't shopped with that company
before, research it online to see what
other customers say.
❦❦ Before entering payment details on a
website, ensure that the link is secure,
in 2 ways:
1. There should be a padlock symbol
in the browser window frame,
which appears when you attempt
to log in or register. Be sure that
the padlock is not on the page
itself ... this will probably indicate a
fraudulent site.
2.The web address should begin with
‘https://’. The ‘s’ stands for ‘secure’.
❦❦ When making a payment to an
individual use a secure payment
site such as PayPal – never transfer
the money directly into their bank
account.
❦❦ Check the website’s privacy policy to
see how your private information will
be used. If you are not sure about this,
ask for help from someone you trust.
❦❦ Always log out of sites into which you
have logged in or registered details.
Simply closing your browser is not
enough to ensure privacy.
❦❦ Keep receipts – electronic or
otherwise.
❦❦ Check your bank statements carefully
after payment to ensure that the
correct amount has been debited.
Be suspicious of any e-mail or instant
message that asks (or sends you to a
web page that asks) for your password,
account number, or credit card
information – and never give them this
information.
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The Red, Amber
and Green Quiz
Look at each of the examples below and
decide whether or not you think they
are examples of financial abuse?
Steven gets a phone call from HSBC
asking to confirm his account number
and password. Should Steven give out this
information?
John’s friends always asks to borrow
money from him, but he never gets it back.
Think about whether you would rate
them Red, Amber or Green? And what
we could do to make the situation
better?
Someone has embarrassing photos of
you and says that they will post them on
Facebook unless you give them money.
Totally out of order
Remember
Kinda shadey
Not everyone is out to scam you but that
it is important to be careful with your
money and keep it safe.
Not bad
Every Thursday Ashley gets her benefits,
every Thursday Steven and Michael come
round for drinks and food. Ashley never
gets invited round to theirs they don’t
bring any food or drink round themselves.
Never give out your details to anyone
you are unsure of and if in doubt always
check with someone you trust.
Tracey always comes out every week for
lunch with the girls. When it comes to
paying she always has an excuse like she
has forgotten her purse and asks them to
pay.
Dr Ongoli sends Ashley an email asking
for her bank details, sort code, account
number and address so that he can
transfer money left by a dead relative.
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