0406 030 937: Scam Alert - Commonwealth Bank Transfer Scam

• Scam

Beware of calls from 0406 030 937, reported as a scam related to a supposed Commonwealth Bank transfer. Discover how to handle unsolicited calls from this number and protect yourself from fraud.

Understanding the Phone Number 0406 030 937

The phone number 0406 030 937 / 0406030937 has been reported by users as a scam, specifically linked to a fraudulent Commonwealth Bank transfer scheme. Regardless of the enticing nature of financial offers, it is critical to approach such calls with caution.

Classification of 0406 030 937

This number falls squarely into the scam category. User feedback indicates calls claiming to be from an individual named Olivia at the Commonwealth Bank, claiming to have a transfer of $1800 waiting for the recipient. Unfortunately, this is a common tactic employed by scammers to lure individuals into providing personal or financial information.

Types of Scams Involved

The specific scam associated with this number is what is known as an “advance-fee scam.” In these cases, the calling party entices you with promises of money or significant returns, aiming to extract an upfront fee or sensitive information under the guise of a legitimate transaction. A transfer that seems too good to be true should almost always raise red flags.

How to Handle Calls from 0406 030 937

If you receive a call from this number, it’s best to take the following precautions:

• Do Not Engage: Simply hang up. Engaging with the scammer can provide them with more information about you.
• Do Not Provide Personal Information: Never disclose any personal details, especially financial information, to unsolicited callers.
• Block the Number: Consider blocking the number on your mobile device to prevent future calls from the same source.
• Report the Scam: Report the number to Australian consumer protection agencies, or consult a reverse phone lookup service like Reverseau for more information on the caller.

Conclusion

In summary, 0406 030 937 / 0406030937 is associated with a scam, specifically targeting individuals with false promises of funds from the Commonwealth Bank. Staying informed and cautious can help you avoid falling victim to such scams. Always verify the identity of callers and follow safe practices to protect your personal and financial information.