Tag - debit order

Beware of debit order fraud

When Jurie Pohl discovered that fraudulent debit orders amounting to R12 000 had been deducted from his bank account over five years, he became the latest victim of a financial crime where syndicates are deliberately using the debit order system to commit fraud. Walter Volker, head of Payments Association South Africa (PASA) and author of...

Procrastination: the thief of money

This article is an extract from the Liberty customer newsletter on why we procrastinate and the impact it has on our finances The beginning of the New Year always brings with it those inevitable New Year’s resolutions, and if there is one New Year’s resolution worth making this year is to stop procrastinating when it comes to your...

The power of the debit order

A monthly debit order is undoubtedly one of the most powerful investment tools. It creates a savings discipline as it goes off your account before you have spent your money on consumables. But now studies show that, rand cost averaging, which effectively is what you do with a debit order, provides better returns than investing with a lump sum...