February may be the month of romance, but some wily fraudsters operating on online dating sites are willing to declare their undying love to try to fleece you out of your money.
John Manyike, head of financial education at Old Mutual, warns you to protect your hearts and your pockets.
He offers the following tips on how to avoid being an online victim of crooked love:
Ask yourself what you would do if you lost all your savings. Imagine being in that situation and then promise yourself you won’t be generous with online partners, no matter how compelling their plea is.
Always share what is happening with someone you trust – this person may be more objective, and could be able to pick up danger signs and bring them to your attention.
Put your money in a formal savings account – this will make it harder for you to make a transfer on impulse.
Don’t share your financial details with your online partner and always keep your money matters private.