06/12/2021
It’s that time of the year, remember to be safe, here’s a few tips on how to avoid falling victim to criminals when sharing stokvel money.
Arrange for the club’s pay-out to be electronically transferred into each club member’s personal bank account or accounts of their choice instead of collecting cash contributions.
Avoid making cash withdrawals of club members’ contributions on high risk days such as Mondays and month ends.
The person assigned to withdraw the contributions must be accompanied by another club member to avoid handling the funds alone or fall victim of robbery.
Avoid withdrawing large amounts of money at an ATM, especially after hours or at congested places where criminals are waiting to pounce.
Do not withdraw all the funds at the same time. Consider staggering the withdrawals into different days to ensure that your contributions are safe.
Don’t announce the stokvel withdrawal plans on social media or share pictures of the cash as you might open yourselves to being targeted and defrauded.
HAPPY HOLIDAYS 🤗.
