Safe Account
Scams
What are they?
Is it really your bank on the phone?
No legitimate organisation will ever force you to transfer money elsewhere to keep it safe. But a common tactic of scammers is to convince you to move your money to a ‘safe account’. By telling you that your funds are at risk, scammers are trying to create a sense of urgency. However, no matter how much you think they know about your account, you should just hang up the phone and contact us so our specialist can help sort out the situation.
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Fraudsters might pretend to be your bank, HMRC, the police, BT or another trusted institution. They contact you via telephone, SMS or email and attempt to convince you to send money to an account that they control.
Just because the number matches a number you trust, it doesn’t necessarily mean it’s them contacting you. Fraudsters are able to ‘spoof’ those organisations' telephone numbers, so when you receive the call or SMS you believe it’s legitimate. It’s important to be aware that ‘spoofing’ is easily done.
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No legitimate organisation will ever make you send your money elsewhere to keep it safe. But a common tactic used by scammers is to convince you to move your money to a ‘safe account’. By telling you your funds are under threat, the fraudsters try to create a sense of urgency. Yet no matter how much they seem to know about your account, you should just hang up and call the bank on the number found on the back of your card.
How can I avoid impersonation scams?