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Wondered if anyone else has come across this one.
On 2 or 3 occasions now our business bank account has had random payments made in (later returned as Unpaid Cheques) at branches nowhere near us (last few have been in and around London).
We've called the bank and reported it each time but I can't understand what the actual scam is.
Noone's called us to try and get a refund on a 'mistaken payment', from what I gather the last time they were using a stolen chequebook to pay money into our account.
We have had the main account raided before - someone wandered into a branch (again hundreds of miles away from us) with a fake ID of my name and drained £10k+ in multiple transactions but these weird pay-ins have all happened since.
Anyone else experienced this!? It's a pain in the ass - not least because getting through to anyone at the bank to discuss and report it takes ages.
Could be some ones writing down the numbers wrong on a paying in slip?
Now all the banks are closing, cheques are being sent into banks via postoffices and through the post ....
Just an idea... Id speak to your buisness manager at the bank.
Could be a confidence scam. The scammers pay into your account regularly enough that staff get to know them and start greeting them by name. They then go into the same branch and withdraw money knowing that they can bypass the ID checks as the staff 'know them'. An old one that I thought had died off with the myriad of branch closures but could still be in use.
They then go into the same branch and withdraw money knowing that they can bypass the ID checks as the staff ‘know them
Very unlikely to be this, most high street banks have to jump through hoops of at least answering/providing evidence that you are who you say you are, even if they know you.
My bank now sends an alert to my app, which i then click on and say yes its me after i log in with my security details, failing that - i need the card for the account and they hand me a pin reader, where i enter my pin number which then in turn gives them a code to input into the system.
Sounds more like an error than anything else, not sure what they are trying to gain by paying in cheques which get bounced, is all that will do is alert the cashiers to the fact that cheques are being paid in which never get credited.
Are you able to obtain any info from the cheques, the bank should be able to provide images for you to look at, why are they bounced? is it due to the money not being in the remitters account? or is it because the name doesnt match yours.
Do you need to still accept cheques, can you ask the bank to not accept cheques into the account?
Loads of scams out there, but the only way i see this of working is if they can instantly withdraw the funds from the account and then the cheque bounces, in this day and age money from cheques isnt available straight away, so this is a non issue.
Does seem very weird, but not a scam ive come across before, i work for a bank in compliance and have dealt with lots of fraud cases.