Raisin Postal Savings Scam
High RiskGot a message, call or offer like this?
Take your time. Treat it as a scam until you have checked it yourself.
- Don't tap links, reply, or ring numbers it gives you. On a call, hang up.
- Don't pay, and don't share card details, PINs, passwords or codes.
- Check with whoever it claims to be, using contact details you find yourself.
Overview
Fraudulent postal brochures impersonating Raisin Ireland — a legitimate savings platform operating in Ireland — are being sent to consumers across the country, offering bogus savings rates that far exceed anything available from regulated financial institutions. The fake brochures include convincing Raisin branding, official-looking terms and conditions, and direct calls to action urging people to transfer money to accounts controlled by criminals. Raisin Ireland has confirmed these brochures are entirely fraudulent and are not connected to any genuine product or promotion. This scam exploits growing consumer interest in high-yield savings accounts at a time when many Irish people are actively seeking better returns on their savings.
Typical Targets
- •Older adults who regularly receive financial promotions by post
- •Savers looking for better returns than high street banks offer
- •People who have previously used or considered Raisin Ireland
- •Retirees managing pension lump sums or savings
- •Anyone unfamiliar with how to verify legitimate financial promotions
- •Consumers in rural areas who rely on postal communications
Why This Scam Works
- •Physical post feels more trustworthy than emails or texts — people associate it with legitimacy
- •Raisin Ireland is a real, regulated savings platform, giving the scam a credible foundation
- •The brochures are professionally designed with convincing logos, fonts, and formatting
- •Exceptionally high advertised savings rates appeal to people frustrated with low bank interest
- •There is no clickable link or tech barrier — just a bank account number, making it seem simple and safe
- •Victims may not think to verify a brochure that arrived by post the way they would an email
- •The current high-interest environment makes unusually good savings rates seem plausible
Example
A retired civil servant in Wexford received a glossy brochure in the post claiming to be from Raisin Ireland, advertising a "Special 12-Month Fixed Savings Bond" at 7.5% AER. The brochure included professional branding, a terms and conditions section, and an IBAN to transfer funds. Believing it to be a genuine product, she transferred €15,000 from her savings. When she contacted Raisin Ireland directly three weeks later after receiving no confirmation, she was informed the brochure was a fake. The money had been transferred to a fraudulent account and could not be recovered.
* An illustration of how this scam works, not from a victim case we hold.
How to Avoid This Scam
- Always verify financial promotions by contacting the company directly using contact details from their official website — not numbers or emails printed in the brochure
- Raisin Ireland's official website is raisin.ie — any savings offer should be verifiable there
- Be extremely suspicious of savings rates that significantly exceed the market average — if it sounds too good, it almost certainly is
- Legitimate savings products require you to open an account through verified online or in-branch channels — they do not ask you to transfer money to a bank account in a brochure
- Check that any financial firm is authorised by the Central Bank of Ireland at centralbank.ie/consumer-hub/register
- Never transfer money to an IBAN printed in an unsolicited postal brochure without independent verification
- If a brochure lacks a phone number, registered address, or only lists a generic email, treat it as suspicious
- Tell elderly relatives and friends about this scam — older savers are the primary targets
If You've Been Caught Out
Don't panic – take these steps immediately:
- 1Contact your bank immediately — ask them to attempt to recall the payment and flag the receiving account as fraudulent
- 2Report the scam to An Garda Síochána at your local station — bring the brochure, any envelopes, and bank transfer records as evidence
- 3Report the fraudulent brochure to the Central Bank of Ireland, which regulates financial services in Ireland
- 4Contact Raisin Ireland directly via raisin.ie so they can issue public warnings and assist with any investigation
- 5Report to the Competition and Consumer Protection Commission (CCPC) for consumer advice
- 6Do not throw away the brochure or envelope — postmarks, paper quality, and print details can help investigators
- 7Warn neighbours and local community groups — postal scams targeting the same area often affect multiple households
- 8Monitor your bank and credit accounts closely for any follow-up fraud attempts using your personal details
- 9Be alert to follow-up "recovery scams" — criminals sometimes contact victims again pretending to offer help recovering lost funds, for another fee. Why a second approach follows a first loss
* This information is for guidance only. Always seek professional advice for your specific situation.
Who to Contact for Help
Your Bank's Fraud Line
Check your card
Attempt to recall the payment immediately
An Garda Síochána
Local station
Report the fraud — keep the brochure as evidence
Central Bank of Ireland
0818 681 681Check whether a firm is authorised, and report an unauthorised firm
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