0429 020 050: Scam - Commonwealth Bank Impersonation

• Scam

Discover the truth behind the phone number 0429 020 050. This number is reported as a scam claiming to represent Commonwealth Bank. Learn how to effectively handle such calls.

Understanding Phone Number 0429 020 050

The phone number 0429 020 050 / 0429020050 has recently come under scrutiny due to user reports categorising it as a suspicious scam. Notably, on 6th October 2023, a user reported receiving a call from this number, where the caller claimed to be from Commonwealth Bank. The individual was informed that their card had been allegedly used to attempt a purchase of Bitcoin, leading to an urgent demand for the user to verify this dubious transaction, which raised immediate red flags.

Classification: Scam Impersonation

This number is confirmed to be associated with a scam centred around impersonating Commonwealth Bank. The caller’s tactics suggest a common phishing scheme where scammers attempt to extract personal information under the pretense of banking legitimacy. Despite the caller's claims, it is essential to understand that no legitimate bank would request immediate verification of a transaction via an unexpected phone call, particularly for unauthorised purchases.

How to Deal with Such Calls

If you receive a call from 0429 020 050 / 0429020050, or any number that shares similar tactics, consider the following steps:

• Do Not Engage: Avoid providing any personal details or information to the caller.
• Hang Up Safely: If the call seems suspicious, it’s best to hang up immediately.
• Verify Independently: Contact your bank directly using official contact methods found on their website or statements.
• Report the Call: Make sure to report the number to the appropriate authorities to help others avoid potential scams.

By being vigilant and aware of scams like the one associated with 0429 020 050 / 0429020050, you can protect yourself against fraud and ensure your information remains secure. For further assistance or to share your experiences, consider using services like Reverseau to connect with others and verify unknown numbers.