Push payment fraud occurs when fraudsters trick individuals or businesses into making a payment to a fraudulent account.
Victims of push payment fraud often believe that they are making a payment to a legitimate account, but in reality, the funds are being transferred to a criminal’s account. Once the payment has been made, it can be difficult or impossible to recover the funds.
If you suspect that you have been the victim of push payment fraud, you should contact your bank or financial institution immediately, here at Simon Adams we specialise in claims against bank and can help you every step of the way.
Urgent or unexpected payment requests
Fraudsters often create a sense of urgency to pressure victims into making a payment quickly. They may claim that a payment is overdue or that there will be consequences for not making the payment.
Requests for payment via unusual or unsecured channels
Fraudsters may request payment via email, text message, or phone, rather than through a secure payment system or website.
Suspicious account details
Fraudsters often use false or slightly modified account details, such as a different bank account number or a different name associated with the account. They also tend to interpret family or friends or an online romance.
Poor spelling or grammar
Some fraudsters may use poor spelling or grammar in their messages, which can be a sign that the request is not legitimate.
Unusual or unexpected changes to payment details
If you receive a request for payment that includes unexpected changes to the payment details, such as a different account number or a different currency, this could be a sign of fraud.