FNB Warns Zimbabweans Against Fraudulent Non Res Business Accounts
First National Bank (FNB) has issued a strong warning to the public about a growing scam involving fraudulent business accounts being sold to individuals outside South Africa, with Zimbabweans and Mozambicans being the main targets.
According to FNB, criminals are falsely posing as bank representatives and persuading non-residents to open South African business accounts. These fraudsters go as far as registering companies under South African entities, often using stolen or fake identities—including passports, proof of address, and other documents—to set up business profiles illegally.
No FNB Operations in Zimbabwe
The bank has made it clear that it does not operate in Zimbabwe and has not authorised any such account openings in the country. “We are most concerned about the misuse of our brand. FNB maintains a zero-tolerance policy towards fraud and misrepresentation and has reported this matter to the relevant law enforcement agencies for further action,” said Roshan Jelal, Head of Fraud at FNB Commercial Chief Risk Office.
Why Zimbabweans Are Being Targeted
The scheme appeals to many Zimbabweans who wish to open South African business accounts for trade, remittances, or cross-border transactions. Criminals exploit this demand by offering seemingly legitimate but fraudulent account services. Victims risk not only losing money but also facing serious legal consequences.
Consequences of Participation
Anyone found to be knowingly or unknowingly involved in selling or using these fraudulent FNB business accounts faces:
- Immediate account termination
- Blacklisting from future banking services
- Legal action, including possible criminal charges
- Reporting to relevant regulators and law enforcement
This means that Zimbabweans who fall into the trap could end up barred from accessing genuine banking services in South Africa in the future.
What You Should Do
FNB has urged Zimbabweans to remain vigilant and avoid sharing personal information with unverified agents or third parties. If you come across such offers or suspect fraudulent activity, the bank advises:
- Do not engage or provide your documents to unknown individuals claiming to represent FNB.
- Report incidents immediately to the FNB Business Fraud Hotline: 087 575 9444.
- If calling from outside South Africa, dial +27 11 371 3711 first, then follow the prompts to reach the hotline.
- You can also email any supporting evidence to fraud@fnb.co.za.
Stay Protected
FNB is stepping up its fraud detection systems and rolling out awareness campaigns to warn the public. The bank has emphasised that all legitimate communication will only come from its official website (www.fnb.co.za) and verified channels.
For Zimbabweans engaging in cross-border trade and business, the message is clear: do not risk your money or future by participating in fraudulent account schemes. Always verify with FNB directly before attempting to open or operate a South African business account.
