Bank customers could soon be hit with a £100 charge as new fraud rules come into place next week. Under the proposed rules of the compensation scheme for victims of bank fraud, which is set to take place on October 7, banks will have the option to impose this excess fee.
While certain banks have flat-out refused, others are yet to decide their position on the matter. The scheme has already been under fire after the maximum compensation limit was successfully slashed from an initial £415,000 down to £85,000.
It's intended to shield countless Brits who've been conned by crooks masquerading as everyone from HMRC operatives to legal professionals and even the cops.
The key goal is to offer a safety net for the unwary when they're duped into making payments to fake accounts. Roughly 200,000 UK residents annually get caught out by what's termed Authorised Push Payment (APP) scams, facing combined staggering losses of around £460 million in 2023 alone.
Read more on manchestereveningnews.co.uk
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.