Do not disclose your Online Banking details
31 October 2017
Warning – Do Not Disclose Your Banking Login Details To Any Third Party!
G&C Mutual Bank is concerned about the growing number of online and other businesses that encourage or require you to disclose your banking login details, PIN numbers or passwords in order to access the services.
These include online lenders and Payday lenders, as well as money management Apps, bank statement retrieval services and other businesses offering to help you and small businesses to organise and analyse your finances, set up budgets, and compare financial products.
Under the Terms & Conditions for our products and services, you are not permitted to disclose banking login credentials and other secret passcodes to any third party without our specific authorisation.
It is important to remember your banking credentials, including login access, PINs and passwords as they are the key to your accounts. If anyone inadvertently has access to this information, they can access and transfer funds from your account. You should also never disclose via text message or email any banking details (account numbers, passcodes) or any combination of sensitive information like your driver’s licence number or birth date that could be used in ID theft.
If you give your credentials to any third party without authorisation and there is a security compromise resulting in the unauthorised transfer of funds from your account, G&C Mutual Bank will generally not be liable for the loss.
Don’t be misled! G&C Mutual Bank has not authorised any aggregation service to act on its behalf. While some services may say G&C Mutual Bank is “supported” by the service, and may even use our logo on their website, we have no arrangements or affiliations with any of these services.
If you require any clarification please contact us on 1300 364 400 9.00am - 5.00pm Monday - Friday.