It is important when using Travelex Wire that any transfers you make are to people who you know.
Authorised Push Payment (APP) fraud is where someone tricks you into sending them money from your bank account. Common examples of APP fraud include:
Impersonation scams: A fraudster can pretend to be your bank, the police or a contractor and trick you into moving your money into the fraudster’s account.
Romance scams: Victims are deceived into fake relationships by fraudsters who aim to steal money or personal data. Criminals use false dating profiles and will typically ask you for financial help very quickly.
Investment scams: Investment fraud is where fraudsters steal the money you want to invest. These schemes claim to be able to offer high levels of return at very little risk. Usually the shares or commodities and worthless or non-existent.