Banks must reimburse bank transfer fraud victims in new refund rules
From October 7, UK banks will be required to refund fraud victims up to £85,000 as bank transfer scams totalled almost £460 million last year.
From October 7, UK banks will be required to refund fraud victims up to £85,000 as bank transfer scams totalled almost £460 million last year.
Banks will also be required to compensate customers for any interest or late payment fees caused by the delays.
Nationwide, HSBC, Barclays and Virgin Money were among those apologising on Friday to customers over the issues.