Bank Fraud Scam
Get in touchAt Scam Claims, we help victims and throughout the UK who have lost funds to fraudulent banking activity.
From account takeovers and impostor “bank” calls to phishing emails and authorised push payment (APP) fraud, offenders use convincing methods to secure transfers or private data.
Our role is to clarify your rights, examine how the fraud occurred, and pursue reimbursement wherever possible.
With experienced solicitors and fraud specialists, we work alongside banks, regulators, and law enforcement to give clients the best chance of recovering their money.
How Do Bank Deception Schemes In Typically Unfold?
Bank fraud scams affect victims financially and emotionally.
Scammers exploit trust in financial institutions by posing as bank staff, sending realistic phishing communications, or intercepting payments.
Victims often believe they are protecting their accounts or following legitimate instructions, only to find out later that their money has been stolen.
The consequences are severe, with losses from savings, pensions, or business accounts, alongside stress, anxiety, and reduced trust in genuine banking services.
How Much Can Be Lost In Commmin Bank Fraud Scams ?
The amount of money lost to bank fraud scams ranges from £5,000 to over £100,000 per case, depending on whether individuals or businesses are targeted.
Losses are influenced by factors such as the type of scam (for example, APP fraud, phishing, or invoice redirection), the number of transfers made, the speed at which the fraud is detected, and whether the victim is an individual account holder or a business with larger transaction volumes.
In high-value cases, losses can reach six figures, causing long-term financial strain.
Which End-To-End Services Do Solicitors Provide?
Solicitors provide a comprehensive range of support for victims of bank fraud scams, including:
Case review – Assessing the strength of a claim and identifying potential recovery options.
Evidence gathering – Collecting bank records, payment instructions, and communications.
Compensation claims – Preparing and pursuing claims against negligent banks.
Regulatory complaints – Filing complaints with the Financial Ombudsman Service (FOS) or Financial Conduct Authority (FCA).
Civil litigation – Initiating proceedings against fraudsters or related third parties where appropriate.
Collaboration with authorities – Supporting victims through the Action Fraud reporting process.
What’s the Process for Filing a Bank Fraud Scam Compensation Claim In ?
The bank fraud scam process begins with an initial consultation where victims share evidence such as bank statements, call logs, and fraudulent emails or texts. Solicitors then assess whether to pursue the claim against the bank through the FOS or by civil proceedings.
Once the claim is prepared, negotiations often start with the bank or regulator, with litigation being the next step if necessary. The goal is always to recover as much money as possible while holding negligent parties accountable.
What Are The Most Prevalent Bank-Related Scam Types Affecting People And Firms In ?
The most common types of bank fraud scams include:
Authorised Push Payment (APP) fraud – Trick victims into transferring money to fraudulent accounts.
Phishing and smishing scams – Fake emails or texts claiming to be from banks, asking for sensitive details.
Vishing scams – Fraudulent phone calls where criminals pose as bank officials.
Account takeover fraud – Criminals gain access to online banking and make unauthorised transfers.
Cheque and card fraud – Use of stolen or cloned cards and fraudulent cheques.
Business banking scams – Invoice redirection or CEO impersonation targeting companies.
Professional setups – Fake websites and documents designed to impersonate legitimate banks.
Under What Circumstances Can Victims In Secure Reimbursement Or Partial Recovery Of Funds?
In some cases, victims of bank fraud scams can recover money lost to them. Recovery often depends on how quickly the scam is reported and whether the bank followed proper procedures.
Under APP fraud guidelines, banks may be required to reimburse victims where red flags were missed. In other cases, recovery may come through regulatory complaints, civil action, or court proceedings. While not every case leads to full reimbursement, experienced solicitors can explore multiple legal routes to maximise the chances of recovery.
Contact Scam Claim for tailored advice on recovering funds lost to fraudulent banking activity.
How Do Lawyers Work With Regulators and Banks to Recover Funds?
Lawyers handling bank fraud scam cases work directly with banks and regulators to trace and recover stolen funds. They file complaints with the FCA, submit cases to the FOS where banks refuse reimbursement, and liaise with Action Fraud to ensure cases are properly recorded.
By applying legal pressure and presenting clear evidence, solicitors increase the likelihood of recovering money that would otherwise be lost.
Are No Win, No Fee Options Available for Bank Fraud Scam Claims?
Our solicitors handling bank fraud scam claims offer no win, no fee funding, which means victims can pursue claims without paying upfront solicitor’s fees.
Instead, fees are charged only if the claim succeeds, usually as a percentage of the recovered amount or as an agreed fixed fee. This makes legal support accessible to victims who may already be facing financial strain.
Are Practitioners Equipped To Manage Online And International Dimensions Of Bank Fraud?
Bank fraud scam solicitors often manage cross-border and online fraud cases. Many fraudsters operate internationally, but recovery efforts typically focus on UK financial institutions that processed the transactions.
In more complex cases, solicitors may also work with foreign banks and international regulators. Their experience in multi-jurisdictional fraud cases provides victims with stronger recovery prospects.
Contact Scam Claim Solicitors today for expert advice and tailored legal support.
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