Possible Capitec Scam?

[bennyblanco]

So i have a Capitec bank account which i used as to swipe for random things. I used to just put some money in there and use it as an alternative if my main bank account gave issues. Anyway i stopped using this account for a while and the account eventually went dormant.

This weekend, i get multiple calls from an unknown number saying they deposited money by mistake and if i can send it back. Obviously i cut the call and not think twice as it immediately sounded like a scam. At this point i did not know what account they were referring to.
Few mins later, i get a WhatsApp pleading for the money to be transferred back and screenshot if a Capitec banking app showing it made to my Capitec account.

Out of curiosity, i went to redownload and login to my Capitec account - the account which i don't use and was dormant. I see that there was R500 transferred to it. Part of me felt bad that it was an honest mistake by this person but honestly since the account being dormant, i would have to go into a branch to unlock which i could not be bothered to do so in my mind I'm just like, that's your school fees for making this mistake.

Anyway a few mins ago i get a Capitec notification to say that "Correction funds reversed".

Can an EFT be reversed so quickly? If i had felt bad and sent them the money back initially, will this have also still been reversed? Is this a scam or am i just over thinking it?

 

[DrJohnZoidberg]

Always assume a scam and I would be concerned how they got your contact details.

 

[SauRoNZA]

If it clears in 7 days and still sits in the account you can call it legit.

Otherwise this is the old deposit into an account and take the goods before it clears scam, just with a new flavouring.

 

[Tongs of Destiny]

you can't reverse an EFT... a credit card transaction with goods not received is different.

the only person who can reverse or actually return the money via an EFT is you.

secondly how did the person who magically deposited these funds into your account get your cell number?

 

[saor]

Is this a scam or am i just over thinking it?

You haven't thought about it enough if it doesn't concern you that they had your number.

I would be concerned how they got your contact details.

This is the big question.

If there's a legitimate mechanism by which to reverse funds the scammer might be deploying this to confirm your account matches the name & phone number so they can use it further down the line. Seems a bit far fetched but there must be some end-game here.

 

[SauRoNZA]

They aren’t actually doing an EFT…they are just claiming to do one.

They are doing a fraudulent cash deposit which never clears so that you end up paying them the money because it becomes clear that it isn’t real.

If they accidentally did an EFT and requested a reversal their bank would contact you and you would never know who they were.

 

[bennyblanco]

The funds were apparently sent to my cell number by “accident”. With Capitec you can use a phone number instead of bank account number.

It did reflect however had been corrected this morning. Honestly couldn’t care less but wondering whether this is something that’s been done before

 

[SauRoNZA]

The funds were apparently sent to my cell number by “accident”. With Capitec you can use a phone number instead of bank account number.

It did reflect however had been corrected this morning. Honestly couldn’t care less but wondering whether this is something that’s been done before

Scam as old as time, just with new dressing.

 

[bennyblanco]

 

[bennyblanco]

Capitec allows you to use a phone number to another Capitec account instead of bank account. It’s not the same as ewallet/cash send etc

 

[DarkStarMonday]

Capitec allows you to use a phone number to another Capitec account instead of bank account. It’s not the same as ewallet/cash send etc

This

Just make sure you don’t give out any other info like emails or card numbers.

Monitor your account.