This is the most common type of financial scam in the UK. Authorised push payment fraud happens when you are tricked by a criminal into sending money by bank payment to an account that they control and which you do not. It works by scammers tricking account holders into sending money under false pretences.
APP Fraud reimbursement rules have been set by the Payment Systems Regulator (PSR), the body that regulates payment systems in the UK.
These rules only apply to payments made on, or after, 7 October 2024.
Visit our APP Fraud Reimbursement webpage for more details and you can watch the video below…