Royal Enfield Bank is a fake bank with an online platform claiming to offer a wide range of TradFi services.
The Royal Enfield Bank scam has been linked to several fraudulent crypto trading platforms as well and has been used to convince investors they’re dealing with legitimate companies.
However, Royal Enfield Bank does not offer any genuine banking services and is not licensed to operate or offer any financial products and services.
The website is surprisingly well designed and it’s easy to see why some people have been convinced to part with their cash after seeing the platform.
But scratch beneath the surface and you’ll realise that there are many things wrong with the platform which reveal it be a scam.
They include:
- Site-wide dead links, or links that loop back on themselves. This hides the fact that a lot of content and pages are missing.
- Fake social media links. Although Royal Enfield Bank claims to have a presence on several social media platforms it doesn’t, and the icons on the platform lead back to the home page.
- Images purporting to show credit and debit cards offered by the bank feature the name of a different bank altogether on them.
- Numerous grammatical and spelling errors in content across the site.
- Out of date information, such as interest rate tables, that have clearly been scraped from legitimate banking platforms but not updated.
- Everything is written for a UK audience yet the ‘bank’ domain name was registered in Nigeria.
- A Domain Authority (DA) rating of 1 – the lowest possible meaning no inbound links and very little traffic.
- Several reports can be found online listing Royal Enfield Bank as a scam.
The platform is being used in conjunction with several other scam sites as a part of a complex fraud operation which makes it very difficult to recover any funds.
However, you should still report it if you’ve lost money and pass on the details to the police or fraud organisations in your country.
There are also private companies that might be able to help which I’ve written about here.
Have you had any experience with this platform? Kindly share your thoughts in the comment section to help others stay informed and safe.