How to avoid fraud

Please note there has been an increase in financial fraud, many linked to the Coronavirus pandemic. 

Stay Safe, Stay Secure!

One of the most effective methods of fraudsters getting hold of your money is through APPs or Authorised Push Payments. The scams themselves can be simple, or complex – but all of them have a negative long-term impact on the victims.

These scams are usually performed by fraudsters that gain some of your trust, by pretending to be someone you know (for example, a legitimate person or business, your bank, or even HMRC), and then get you to deposit into an account that you think is genuine – but that belongs to the fraudsters.

Sometimes they may pretend to be in financial trouble or to sell you some service, or they may even put pressure on you by saying that you have payments overdue and that you are at risk of being in serious trouble. A lot of the time victims oblige, just because everything looks credible.

Ultimately, successful fraudsters can be very innovative – with almost 50,000 cases of APP happening yearly in the UK alone.

Because of this, we may sometimes ask you to identify the reason for your payments. Rest assured that when we do this, we are simply hoping to eliminate any risk – and keep your money safe. Please bear in mind that MoneeMint will never ask for your PIN code or password, or information such as your National Insurance number. 

With the above in mind, MoneeMint is also taking it upon ourselves to get our customer’s accounts to adhere to the APP Scams Voluntary Code, which will minimise the number of scams happening, as well as the consequences.

If you think you have been a victim of fraud, contact us immediately so we can help you!