Don’t fall for friendly fraud this season

What happens when someone you trust takes advantage of you and steals your money? Let’s unpack friendly fraud so you can learn how to protect yourself.

What is friendly fraud?

Friendly fraud is when someone you trust – like a friend or family member – uses your card, PIN or banking details without your permission. It often starts with a small favour like you asking someone to buy groceries, collect something for you or help with an online payment. But once they have your details, they can go beyond what you agreed to. Because you shared your banking details, the bank sees those transactions as authorised, and the loss is your responsibility.

How friendly fraud happens

Most people share their details out of love, convenience or pressure. Friendly fraud is painful because it breaks trust. And it’s more common than most people realise. If you see a transaction you didn’t make, think about who has access to your card or bank details and change your PIN or password right away.

How to protect yourself from friendly fraud

  • Never share your card, PIN or banking app PIN with anyone
  • Switch on app or SMS notifications so you see every transaction instantly
  • Check your statements regularly to spot anything unusual
  • Report suspicious activity immediately

Friendly fraud can be prevented with strong boundaries and simple habits. Protecting your money helps protect your future, goals and the people you care about most.  

If you’d like to report friendly fraud, contact us: 

📞Call us immediately on 0860 10 20 43
 

Don’t let scammers in. Stay alert. Stay safe.