Banks to put four-day hold on suspicious payments

[wiggydiggy]

I don't like to point fingers but I feel that the people that have caused this are not any of the examples we're giving here.

https://www.getsafeonline.org/perso...-loses-home-and-life-savings-in-romance-scam/
https://www.bbc.co.uk/news/uk-66798846
https://www.mirror.co.uk/money/man-devastated-after-losing-42000-30240224
https://www.bbc.co.uk/news/uk-england-somerset-54613937

In every one of those it starts online, the scammer asks for money and the victim does not know better than to send it than to question the whys and wherefores.

 

[Psamathe]

I don't like to point fingers but I feel that the people that have caused this are not any of the examples we're giving here.

https://www.getsafeonline.org/perso...-loses-home-and-life-savings-in-romance-scam/
https://www.bbc.co.uk/news/uk-66798846
https://www.mirror.co.uk/money/man-devastated-after-losing-42000-30240224
https://www.bbc.co.uk/news/uk-england-somerset-54613937

In every one of those it starts online, the scammer asks for money and the victim does not know better than to send it than to question the whys and wherefores.

(Claiming no expertise) from the BBC "Scam Interceptors" program series the instances they include are generally an "Call Centre" from India calling somebody claiming to be from their bank security and how their account is compromised and they are about to lose everything (make them scared) and that they suspect somebody in the branch and the money needs to be moved (fast) and not to tell bank (due to suspected branch employee). They even coach the victim with answers to give when bank questions the transfer.

Of course the program focuses on specific instances as they've hacked into one or two SCAMer Call Centres.

And I'm avoiding commenting on how I'd react to such calls as that might be commenting on those who are progressing passing their money on to somebody who telephones them out of the blue.

Ian

 

[Psamathe]

SCAMers are a nasty crowd to be targeted by. Several years ago a very reputable company that runs an online shop I'd purchased from got hacked and it quickly turned out they'd got my card details, address, mobile no., etc. Card was quickly replaced and I got full refunds on all fraudulent transactions but for 2 years I was getting weekly text messages "A charge for £257.64 has been made to AirB&B. If this was not you click on this link ..." - all blindingly obvious fraud attempts.

But then when I didn't fall for anything they started phoning me every few weeks giving daft info (eg "Calling about card STARTING xxxx ...") - easy to spot. I'd politely ask them to take me off their lists as I'm not stupid.

Eventually they did "Your name is XXXX, your address is YYYY and we're going to come round and ZZZ your daughter and ...". It wasn't worrying 'cos I knew they weren't going to but at that point you have to make a Police report. At which point I decided I had to change my mobile number - which was more grief that I expected/wanted.

nb I've decided this sort of thing is more a question of "when" rather than "if" so now I make use of my dual-SIM phone and my main mobile number is given to very few who need it long term whilst all online shopping, couriers, transactional stuff get a PAYG SIM number I use for incoming calls only and can by thrown away and replace tomorrow without telling anybody at trivial cost.

Ian

 

[presta]

paid the 50k on my debit card

When did they waive the £30k limit?

 

[Drago]

When did they waive the £30k limit?

I dunno. Me and Mrs D were both surprised it processed without demur, were expecting to have it blocked, or have to confirm it in the app or do two transactions, but nope.

Personally I think it's wrong that banks are held responsible, unless the bank itself is negligent. If some shyster blags his way into an OAPs house and steals the TV we wouldn't expect Toshiba to have to stump up, so why should the banks pay because someone blags a load of money from a lonely person seeking romance?

 

[dicko]

I paid my Tesla Powerwsll installer £7.5k and it went through in under 1 minute. Have never paid them before but all the relevant data matched their invoice

 

[wiggydiggy]

(Claiming no expertise) from the BBC "Scam Interceptors" program series the instances they include are generally an "Call Centre" from India calling somebody claiming to be from their bank security and how their account is compromised and they are about to lose everything (make them scared) and that they suspect somebody in the branch and the money needs to be moved (fast) and not to tell bank (due to suspected branch employee). They even coach the victim with answers to give when bank questions the transfer.

Of course the program focuses on specific instances as they've hacked into one or two SCAMer Call Centres.

And I'm avoiding commenting on how I'd react to such calls as that might be commenting on those who are progressing passing their money on to somebody who telephones them out of the blue.

Ian

Given they coach the victim how to answer the banks questions I can understand why the bank might want more time to investigate if someone is asking to make a transfer.

 

[vickster]

When did they waive the £30k limit?

My mum's daily limit is 50k on a single transaction (Barclay's Premier), higher in branch but that's even more of a rigmarole and staff are very unwilling to do!

 

[Drago]

My mum's daily limit is 50k on a single transaction (Barclay's Premier), higher in branch but that's even more of a rigmarole and staff are very unwilling to do!

I'm with Coutts, so will probably be de-banked and day now.

 

[Gillstay]

I went and got out 2k cash, they asked what for and I said to give away and they did not like it.

Then went to sell a car the equally old guy who bought it said can we go to the bank and do this so we did and they separately questioned each of us. Were we being coerced and all that.

 

[wiggydiggy]

I went and got out 2k cash, they asked what for and I said to give away and they did not like it.

Then went to sell a car the equally old guy who bought it said can we go to the bank and do this so we did and they separately questioned each of us. Were we being coerced and all that.

The first one they have to ask, and they can refuse the request if they have reason to believe it's been used for illegal or fraudulant purposes. Theres serious repercussion for the bank if they don't ask and that happens.

The second one is a very real problem where confidence fraudsters will coerce people into giving them money, I'm glad the bank asked the questions. https://www.manchestereveningnews.c.../two-arrested-after-fraudsters-tried-30058136

On a lighter note you won't believe how badly acted and corny the training videos for this are, I worked in finance for over 10 years and you have to repeat the traning every year even if you don't work in a branch.

 

[Drago]

So they show videos instead of actually doing training? Sounds like the dibble.

 

[wiggydiggy]

So they show videos instead of actually doing training? Sounds like the dibble.

I wish I could watch them back, they were truly awful.

 

[Gillstay]

The first one they have to ask, and they can refuse the request if they have reason to believe it's been used for illegal or fraudulant purposes. Theres serious repercussion for the bank if they don't ask and that happens.

The second one is a very real problem where confidence fraudsters will coerce people into giving them money, I'm glad the bank asked the questions. https://www.manchestereveningnews.c.../two-arrested-after-fraudsters-tried-30058136

On a lighter note you won't believe how badly acted and corny the training videos for this are, I worked in finance for over 10 years and you have to repeat the traning every year even if you don't work in a branch.

You miss the point though. This was two old boys, not an old chap and some hungry youngster. I would loved to have known which was the one they thought was conning the other. Your correct though, they have to ask.

 

[wiggydiggy]

You miss the point though. This was two old boys, not an old chap and some hungry youngster. I would loved to have known which was the one they thought was conning the other. Your correct though, they have to ask.

Are you saying old people can't be fraudsters?