Scam alert - Chase/Metro fixed savers and ISAs

lucyandthomas

Hi All

Received this through the post yesterday. Rates looked too good to be true, so I checked with Chase and it’s definitely a scam. Pretty convincing though.
Hope this helps someone.

la531983

The Chase one looks very similar to the Co-Op one posted on here recently.

Ive also never had a letter from them, bar the card.

clairec666

Stamps on the envelope are a bit of a giveaway

As you say, rates look too good to be true, but aren't ridiculously high, so might catch a few people out if they aren't up to speed with current rates.

jaypers

The URL on Nominet is an immediate obvious sign, but not something the majority would check. Registered just over a month ago and no registration details public etc. Also proves the old adage that if something looks too good to be true blah blah. Be careful out there! 

grumpy_codger

Chase promoting a competitor? 'Special partnership'?

I though scammers have have to try harder to  be more convincing, but even this nonsense seems to work nowadays (ETA: ... in our nanny state).

la531983

I would be more worried that my postal address is on a list scammers are using tbf. Have you fallen for one before OP and ended up on their "suckers list"?

jaypers

Also…..
’Dear Valued Customer’ - Impersonal so red flag.
Apply by Email - No Bank would ever do these as it’s a non-secure means of communication. These scammers are obviously too thick to set up a scammy web form. 

wmb194

"Dear Valued Customer" again. If they have your name and address it upsets me they don't know how to use mail merge but then again it's better they don't.

flaneurs_lobster

lucyandthomas said:

Hi All

Received this through the post yesterday. Rates looked too good to be true, so I checked with Chase and it’s definitely a scam. Pretty convincing though.
Hope this helps someone.

Can we assume that you are a Chase customer?

The recent "Co-op" scam letters posted here were sent to Co-op customers, so there's specific targeting going on here - knowledge that the target is a customer of a specific bank + their name/address.

This is a level above sending thousands of general purpose scammy emails hoping for 1 or 2 hits. This involves actual personalisation of physical letters and stuffing things in envelopes and sticking stamps on them.

Likely that these personal details are from one of the recent hacks of a retailer or public body, there was never enough detail stolen in those attacks to make a full-frontal attack on people's bank accounts possible so this is a way of (trying to) capitalise on this stolen data by letting the customer add the missing bits.

Nasty, someone is going to lose big money to this fraud, would they be covered by the redress scheme?

Needs the usual fraud warning channels to publicise this quickly and loudly.

lucyandthomas

Yes, I’m a Chase customer and no, I haven’t fallen for a scam yet. Hope it stays that way.

Totally agree that the stamps, high rate and ‘Dear valued customer’ were red flags. GBR in the address, poor type on the bottom line of Metro sheet, and ‘limited, first come first served offer’ also flagged it.

i do think scammers are getting cleverer though.

clairec666

flaneurs_lobster said:

This is a level above sending thousands of general purpose scammy emails hoping for 1 or 2 hits. This involves actual personalisation of physical letters and stuffing things in envelopes and sticking stamps on them.

There's a fair expense to the scammers here, stamps and envelopes etc., compared to emails. Although they may have stumbled across some books of stamps that fell off the back of a lorry.