Banco Best – Innovative & Award Winning One-Stop-Shop Website For Online Financial Services| High-Yield Savings & Online Banking | Funds, ETFs & Certificates | Stocks, Warrants, Forex, CFDs & Futures | Banco Best. Ao lado de quem vai à frente.
 
Ignore Link
Ignore Link
Ignore Link

Security and Alerts

The security of our customers is our top priority.

Stay alert and informed at all times. Don't take risks — talk to us.

  • Fraud Alerts
  • Online Security
  • Card Security
  • SMS Security
  • Strong Authentication
  • Money Mule
  • Best Bank has a set of security measures in place at all times, and changes them according to needs of each moment. In view of the recent threats detected, we would like to highlight some of the following good practices and rules you should follow:

    Non-transferable credentials
    The user code and access password are personal and non-transferable, as well as the additional password/validation code/One Time Password (OTP) sent for certain operations and should never be given to third parties.

    Operation Confirmation
    Read the contents of the SMS confirming transactions. If they do not correspond to an operation you have initiated, do not under any circumstances enter/share the code you have received.

    Origin of Communications
    Be aware of messages and e-mails that lead you to access the Bank on your own initiative, checking the sender's addresses and URLs.

    Direct Access
    You should never access the Bank through search engines, but by typing in the Bank's URL: www.bancobest.pt.

    More safety recommendations

    Password strength
    The password must be "strong", not obvious (e.g. 123456, 111111, dates of birth, etc.).

    Updated contacts
    You must have the security phone number registered with the Bank.

    Reading Alerts
    Check the notifications, messages and security e-mails that the Bank sends.

    Official Communications
    Situations security changes are communicated by the Bank.

    Updated devices
    Keep the software on your computer and cell phone software up to date, including firewall and antivirus, using stores.

    Monitor your account regularly

    Stay safe with Best

    In case of suspicion or doubt, contact the Bank immediately on 218 505 775, working days from 8 a.m. to 8 p.m. (national landline). Always keep up to date with our security recommendations.

    Examples of attempted fraud (May 2024)

    Example of a fraudulent site



    Examples of fraud attempts (March 2024)

    Example of a fraudulent credit proposal



    Example of a fraudulent site







    Examples of attempted fraud (December 2023)

    Example of a fraudulent site









    Examples of attempted fraud (November 2023)

    Example of a fraudulent site



    Examples of searches that return a fraudulent site



    Keep your identity safe

    Keep your valuable documents safe, destroy financial information information and keep your contact details up to date with the Bank. Check carefully and regularly all your statements. If you don't know the origin of emails, SMS or phone calls, don't provide information about your personal data, contacts and/or access codes.

    Pay attention to social networks and online games. These can be means of fraudulently obtaining personal data, contacts and/or access codes.

    Chip and PIN

    Keep your card in a safe place and do not allow it to be third parties

    Do not transmit or make notes of your PIN

    Always remember your PIN and keep it away from your card

    Do not share your password digits with third parties and change them regularly

    Quando escolher a sua senha, não use datas de aniversário, idade ou outra informação quepossa ser obtida a partir de dados roubados.

    Security measures

    Be alert to unexpected or suspicious calls and emails, and never give out your card details or PIN

    Don't pass on card or bank account information

    Always keep your card and its details in a safe place and make purchases on credible websites

    Never write down your PIN or password

    Check your card statement frequently and carefully.

    Best Guardian

    Wherever you are, your credit card is protected.

    Protect yourself from theft. Read the content of the SMS carefully.

    Whenever you receive an SMS from Best Bank with transaction data, read carefully and always confirm them.

    If the operation indicated in the SMS message is not of your own making, do not give the code indicated therein to anyone or enter it into any web page or message.

    We would like to remind you of the main precautions when using email in the event of receiving suspicious messages: Don't reply to suspicious emails or take any action that may be requested (opening attached files); don't follow links in the message; don't forward the message.

    Strong Authentication

    Strong Authentication is one of the main changes brought about by the Payments Directive 2 (PSD2), created to standardize the European payments market and increase the security of electronic transactions. Strong authentication rules apply to banks, similar service providers (e.g. fintechs) and online merchants.

    Authentication factors

    Strong Authentication is mandatory throughout the European Union for online transactions. As is already the case when you access a website or app, strong authentication will soon also be essential when you make a purchase online.

    The aim is to make transactions more secure by verifying your identity through 2 or 3 factors:

    Something the customer has (e.g. a cell phone);

    Something the Client knows (e.g. a password);

    Something the customer is (e.g. fingerprint or facial recognition).

    When does Strong Authentication apply?

    Strong authentication factors are required when:

    Make an e-commerce purchase in the European Union;

    Enter your card details on a website for future payments even if you don't make a purchase at the time (for example in online hypermarkets, Netflix or Amazon, or even in TVDE apps such as Free Now, Bolt or Uber).

    What should I do to use Best's cards for shopping online?

    So you can continue shopping online without any hassle and with even more security:

    Make sure you have your contact details up to date with Best, especially the additional security cell phone SMS;

    Install the MB WAY app and link your Best cards to your cell phone;

    Make sure that your cards are associated with the 3D Secure service, via the website, in For Day to Day - Cards - Online Shopping or, if you have any doubts, contact the Bank.

    What will online shopping be like with strong authentication?

    Whenever you make purchases on secure merchant websites marked with the 3D Secure or Verified by VISA symbol and enter your Best card details, a message will appear indicating the authentication method for that transaction.

    The purchase process will have 3 stages:

    Enter your card details to make the transaction;

    Secure purchase authorization in the MB WAY app;

    Return to the platform where you were making the purchase, check that the payment has been authorized and complete the transaction.

    Note that some merchants may still retain SMS as an authentication method.

    On merchant sites that do not adhere to the 3D Secure - Verified by VISA protocol and to ensure greater security in your transactions, use the MB NET service to generate temporary virtual cards associated with your real card. In this way, your real card details are never made available.

    More security

    At Best we try to simplify the way you use your bank, always with the greatest possible security.

    We apply a number of security rules, which allow us to detect behavior that is considered "out of the ordinary" and, as such, we can ask you for additional verification of your identity through these strong authentication systems. These are measures to avoid scares and problems in your life.

    Remember that in the Best Bank app you can manage your cards in real time: block, unblock, cancel, request a replacement card, or report lost cards, among other options.

    If you suspect an "unknown" operation on your account, you should contact Best via the Best Bank app, the website or the Customer Helpline.

    How are the Money Mule recruited?

    Seemingly legitimate job offers (e.g. "Money transfer agents") advertised on online forums, emails, social networks (e.g. Facebook posts in closed groups, Instagram, Snapchat) or pop-up ads.

    Direct messages sent via instant messaging applications (e.g. WhatsApp, Viber, Telegram) or by e-mail.

    Personally approached directly in the street.

    Who is the target audience?

    Newcomers to the country (usually targeted as soon as they arrive) and the unemployed, students and people with economic difficulties.

    The most likely targets are people under 35. Recently, these criminal groups have started to recruit younger generations (12-21 years old).

    What are the warning signs?

    The following characteristics do not necessarily indicate a request for Money Mule, but they are widely used.

    Fake job offers

    Money Mule ads can copy the website of a real company and have a similar website address to make the address to make the approach seem real.

    Emails with fake job offers, usually poorly constructed and written. It's likely that the sender's email address is from a free web-based service (Gmail, Yahoo!, Windows Live Hotmail, etc.) that doesn't match the company's name.

    Money Mule ads usually claim that they are a foreign company looking for "local / national representatives" or "agents" to act on their behalf for a period of time, sometimes to avoid high transaction fees or local taxes.

    The position involves the transfer of money or goods.

    The specific tasks of the job are not described.

    The position has no educational or experience requirements.

    All interactions and transactions will take place online. The offer promises significant for little effort.

    The nature of the fake company's work may vary, but the specifics of the work advertised always include using your bank account to move money around.

    Instant cash

    Someone you don't know asks you to move money through your bank account by offering a commission.

    Contact is made in person, via social networks or instant messaging apps.

    The opportunity to make easy money is presented without risk, using expressions such as "legitimate money", "100% guaranteed" and "money the same day".

    You are told what to do and how much others have already earned by doing the same.

    The reason why this is necessary may vary, but you will always be asked to provide your bank account number.

    Remember: illegal money will come in and out of your bank account, but in the end the responsibility will be yours.

    How to combat money laundering?

    Never give your bank account or other personal details to anyone unless you know and trust.

    Protect your bank cards. Don't disclose online banking login details, PIN, CVV number, etc.

    Be very wary of unsolicited emails or offers made on social media or in person promising easy money.

    Ignore any job offer that involves money transfers through your bank account, regardless of how authentic they may seem. If an opportunity seems too good to be true, it probably is.

    What to do?

    If you have received any such emails, do not reply to them and do not click on the links they contain. Report them to the police.

    Watch out for job advertisements and social media posts promising easy money. Always report the account provider to the platform so that it can be taken down and prevent other people from making the same mistake.

    If you personally receive an offer, refuse it and notify the police.

    If you suspect that you are involved in a money laundering scheme or money mule, stop transferring money immediately, notify your bank or payment provider and notify the police. It can help prevent other people from becoming money mules and even help catch the criminals.

    Cyberscam