Protect Yourself from Mobile Network Scams: A Practical Guide Skip to main content

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Revolut Announces Fee Changes for Traders, While Trading 212 Reduces GBP Interest Rates

London, UK – First quarter, 2025 – Revolut, the global financial technology company, has announced upcoming changes to its trading fees, set to benefit users who exceed their current trading tier thresholds. Simultaneously, Trading 212 has revealed a reduction in its GBP interest rates, citing the recent interest rate cut by the Bank of England. Revolut Fee Restructuring Effective February 20, 2025, Revolut will introduce a tiered fee discount system. This means that users who execute trades exceeding their current tier threshold will receive a fee discount on the portion of the trade exceeding that threshold. This new structure rewards their users for larger trades. For example, previously, a £20,000 trade might have incurred a 1.49% fee across the board. Now, the first £10,000 will incur a fee of 1.49%, while the remaining £10,000, qualifying for the next tier, will incur a discounted fee of 1.29%. Users can find their specific tier thresholds and associated fees on the Revolu...

Protect Yourself from Mobile Network Scams: A Practical Guide

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In the interconnected world of today, mobile phones are indispensable, making them a target for scammers. These fraudsters often pose as mobile network call centre agents, attempting to trick you into sending them expensive smartphones. Let's delve into practical strategies to protect yourself from falling prey to these scams.

Understanding the Scam


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Scammers employ various techniques to convince you they are legitimate. They might claim you’ve won a reward or that there’s an issue with your account requiring immediate attention. Their ultimate goal is to extract sensitive information or manipulate you into sending valuable items, like smartphones, to them.

Practical Tips to Protect Yourself


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Verify Caller Identity

  • Use Official Contact Channels: Always verify the authenticity of a call by contacting your mobile network provider through their official website or app.
  • Check for Red Flags: Be suspicious of calls from unfamiliar numbers or those that demand immediate action or payment.

Secure Your Account

  1. Strengthen Your Passwords: Use complex passwords and change them regularly. Enable two-factor authentication where you can for an added layer of security.
  2. Protect Personal Information: Avoid sharing personal details like account numbers or security answers over the phone unless you initiated the call.

Handling Suspicious Calls


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  1. Hang Up and Report: If a call seems suspicious, hang up immediately and report it to your mobile network provider.
  2. Do Not Engage: Scammers often use tactics to keep you on the line. Do not engage or provide any information.

Returning Devices Safely


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  1. Use Official Labels: Always use the returns labels provided directly from the mobile network's official website or customer service.
  2. Confirm Delivery: Opt for tracked shipping to ensure your device reaches the intended recipient and not a scammer.

Additional Resources


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  • Visit Scam Awareness Websites: American Websites like the Federal Trade Commission (FTC) provide valuable information on identifying and reporting scams. In the UK, our government website has guidelines, and Citizens Advice regularly run campaigns.
  • Educate Others: Share this information with friends and family to help them avoid scams as well.

Be Cautious

Staying informed and cautious is your best defense against mobile network scams. By implementing the strategies outlined above, you can protect your personal information and prevent unauthorized access to your account. Remember, vigilance and skepticism are your allies in the fight against fraud. Stay safe and empowered!


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