Rip-off alert as very important safe telephone line can ‘cut off’ banking fraud

Britons have been urged to make an observation of a significant rip-off prevention telephone quantity that would assist them keep away from being taken in by fraudsters pretending to be from their financial institution.

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If an individual will get a suspicious call purportedly from a financial institution, they will dangle up after which name the 159 telephone service, which can securely join them to their financial institution to confirm the scenario.

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Stop Scams UK created the telephone line. Simon Miller, director of Policy and Communications on the group, advised Express.co.uk: “The 159 number cannot be spoofed or impersonated, so it provides a route back to safety for customers.

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“It provides a quick and secure way to be put through to currently 16 bank brands and to check what you have been told.”

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He warned a financial institution would by no means telephone its prospects so if an individual receives a name they're uncertain about, they need to cease and take the time to verify what's going on.

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These are the 16 banks that may presently be reached on the 159 service:

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  • Barclays
  • Bank of Scotland
  • Co-operative Bank
  • First Direct
  • Halifax
  • HSBC
  • Lloyds
  • Metro Bank
  • Nationwide Building Society
  • NatWest
  • Royal Bank of Scotland
  • Santander
  • Tide
  • TSB
  • Ulster Bank.
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Mr Miller mentioned scammers usually pose as authority figures, comparable to a Government company or a financial institution’s fraud division, to attempt to lure folks in.

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The fraudsters might then inform the sufferer one thing is flawed comparable to their checking account is in danger, to panic them into handing over particulars or sending them cash.

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He mentioned: “They deliberately want to make sure you do what they ask and to do that they use language that is similar to grooming.

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“But there really is no urgency and if this really is your bank they won’t mind you checking it all out.

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“By cutting off the call you have stopped a scam-in-the-making. They will move on to someone else but you will have cut off the risk of handing your money to criminals.”

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He mentioned utilizing the 159 service may also assist in the broader reporting of fraud as individuals who fall prey to scams are sometimes too embarrassed to report it.

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Asked what widespread scams folks ought to look out for in the mean time, Mr Miller mentioned: “Now that we are in school holidays we can expect a spike in scams related to payments for holidays that don’t exist.

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“Over the next week I also expect scams to pop up that purport to be offering compensation for cancelled packages to the Mediterranean where wildfires have caused holiday chaos.

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“Scammers always take advantage of things that people are worried about in real life and they get right into things that are immediate and topical. None of this is new in scams, it’s just new content for conning you.”

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Another present concern scammers are profiting from is the rental disaster as demand outstrips provide.

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Mr Miller warned: “Scammers are taking advantage of the scarcity in this cost of living crisis by demanding payments just to get ahead of a queue to view properties.

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“You may never see your money back and indeed the room or flat may not be available, if it even does exist.

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“This might spike toward September as young people move across the country to university.”

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For the most recent private finance news, observe us on Twitter at @ExpressMoney_.

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