Lloyds, HSBC, NatWest and Nationwide have a new payout rule from today
New rules requiring banks to refund people tricked into transferring money to a fraudster have been hailed as “a major step forward”. Under the shake-up, banks must reimburse authorized victims of push payment fraud (APP) unless the customer was grossly negligent. Under the rules, a refund limit of £85,000 has been applied, although banks can … Read more