Friday, July 24, 2026

Republic Act 12010 or Anti- Financial Account Scamming Act (“AFASA”)

 

 


 

If a bank client becomes a victim of an unauthorized transaction due to bank's failure under its requirements, it may order for full restitution or reimbursement of money lost.Blaming client's negligence for one-time password (OTP) security lapses is not a reason.

Covered Transactions :  

  • 1. An interest or non-interest-bearing deposit, trust, investment, or credit card account;
  • 2. Other transaction account maintained with a bank,non-bank, or financial institution;
  •  E-wallet; and 
  • Any other account used to avail of financial products or services under the act.

 

9 comments:

  1. May natanggap po Ako final demand letter ung anak ko naka received from RGS bumalik nanaman Ang anxiety ko pati Ang anak ko natatakot na din. D ko na alam gagawin ko pag makipag usap Ako s ko naman kaya mag commit. Solo parent lang po Ako 😭

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    1. Ignore mo lang yan kasi yan naman lagi ginagawa ng mga collections company. Focus ka muna sa basic needs mo at pay when able. You can talk to them kapag kaya mo na at usually sa bank mo yun babayaran. Then get ka ng certificate of full payment.

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    2. Thanks po nakakalakas Ng loob. Mr kabado 1

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  2. Thankyou po sa sagot nyo. Nakakalakas po Ng loob.

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  3. Nagfifile ba ng case ang BOC. May CC default ako 100k 2018. TY sa sasagot.

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  4. Meron po akong na rcvd from ang letter head from Metrobank para daw hindi matuloy sa small claim pls coordinate with Panlilio totoo po babito

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    Replies
    1. Ignore mo lang po, may metro rin ako, nasa 200K na mostly nun interest lang kc alam ko wala man 80K or less pa ang nagamit ko dun way back before pandemic pa.

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    2. Same Maam Tess. Nakareceive ako ng letter from MB na ganyan ang subject ng email. 3 cards ko kasi ang default sa MB ung isa umabot 900K ung isa 400K. Ang active nila MB ngaun maningil. Yung email pa naman mismo eh galing sa knila so nakakakaba.

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  5. Can I get your email address po Banker so that I can sent you yung letter na pinadala sa akon salamat po

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