So my wife got defrauded by a weigh loss tablet selling company, and her bank knew about the company but cannot do anything about it.
This is how the story goes, a weight loss add pops up on Facebook, giving free samples, she was only supposed to pay £2 for shipping.
In the terms and conditions it states that you will get charged for the medication after two weeks or so if you do not opt out, who reads terms and conditions?.
The company ends up not even having a website and no way to find them online (really good fraud stars who know how to legally defraud.
She calls her bank and they tell her “We have the companies number, call them, it is not fraudulent because you entered your card details yourself”
The company tells her they would send her their address to return the medication but they never did, slick fraud steps who know how to avoid the law I tell you.
There are different means that people get defrauded.
The power of Monzo Pot is that, it helps you spend money only when you want to.
Imagine if Monzo can actually create a “card Pot” (optional) which you can only use when you spend on your card.
This makes it easier to keep the main account safe from any kind of access through our atm cards.
I believe this helps the customers from themselves.