Don’t most of these scams involve sending money to foreign accounts? It’s good they got a refund but I question how many benefit from the process normally
“after the BBC’s Money Box programme contacted Lloyds bank.” = the only reason for the refund
I feel like almost all UK bank accounts should have a lock against international transfers to foreign accounts, which can be removed on request and follow a series of fraud prevention screens asking and making sure you know what you’re doing.
Surely that would prevent at least some of these, perhaps with a 6 hour cool-down period so even if you say yes, the bank has a chance to call you and double check you know what you’re doing.
Once it’s unlocked it’s the same as currently where all transfers just work
>We are not using his surname or a picture of him because of how vulnerable he is and the risk he might be targeted again.
This just feels insulting.
“He’s so fucking stupid that despite all this shit we are genuinely concerned he might fall for the same scam **again”**
Banks can only do so much to protect vulnerable people. There needs better education on these types of scams. While some scams are quite soficiticated, there not hard to spot with the correct knowledge
Christ, we have to draw a line somewhere. The bank did all it could and the guy insisted he wants to transfer the money, it is HIS money after all. If I sell you a unicorn on a street for cash and you are stupid enough to give me money you can’t just run into a bank branch and ask for a refund.
The scheme is incredibly open to abuse. Just transfer money to a known accomplice abroad, pretend you were scammed and get refunded.
I feel fraudsters would be super disappointed if they succeeded in ripping me off
7 comments
Don’t most of these scams involve sending money to foreign accounts? It’s good they got a refund but I question how many benefit from the process normally
“after the BBC’s Money Box programme contacted Lloyds bank.” = the only reason for the refund
I feel like almost all UK bank accounts should have a lock against international transfers to foreign accounts, which can be removed on request and follow a series of fraud prevention screens asking and making sure you know what you’re doing.
Surely that would prevent at least some of these, perhaps with a 6 hour cool-down period so even if you say yes, the bank has a chance to call you and double check you know what you’re doing.
Once it’s unlocked it’s the same as currently where all transfers just work
>We are not using his surname or a picture of him because of how vulnerable he is and the risk he might be targeted again.
This just feels insulting.
“He’s so fucking stupid that despite all this shit we are genuinely concerned he might fall for the same scam **again”**
Banks can only do so much to protect vulnerable people. There needs better education on these types of scams. While some scams are quite soficiticated, there not hard to spot with the correct knowledge
Christ, we have to draw a line somewhere. The bank did all it could and the guy insisted he wants to transfer the money, it is HIS money after all. If I sell you a unicorn on a street for cash and you are stupid enough to give me money you can’t just run into a bank branch and ask for a refund.
The scheme is incredibly open to abuse. Just transfer money to a known accomplice abroad, pretend you were scammed and get refunded.
I feel fraudsters would be super disappointed if they succeeded in ripping me off