If you are not involved in a scam, the money you receive is 100% safe.
Imagine a system where I can send you money for your iPhone, then I claim scam and then the payment is reversed.
Your bank has no access to my account (and vice versa).
Sure, an investigation will take place and if I or the bank was “hacked”, or if I was fraudulent, the police would get involved, the phone might get seized, but at no point would my payment to you be reversed.
The banks don’t (rightly) have that power/ability.
The banks are a pawn in this game, they don’t get to decide what is and isn’t fraudulent, that’s for the police to decide and take action accordingly.
If you are not involved in a scam, the money you receive is 100% safe.
Oh my god, oh my god! Can you not let it go? I can assure you that banks can claw back money - you even put up a post saying they can, now all of a sudden they cant? You may not be involved in a scam, but the person who has lost the money is, doesn't mean you are the rightful owner of that money as it was obtained fraudulently (appreciate you may not know that) - on that occasion your bank MAY decide as a gesture of good will to pay you the money, but they are under no legal obligation to do so.
Imagine a system where I can send you money for your iPhone, then I claim scam and then the payment is reversed.
An investigation would take place, if the bank deems fraud has taken place then see above.
Your bank has no access to my account (and vice versa).
No they don't, but they legally have to communicate with each other in cases of suspect fraud, and as per the link you posted, money can (and will) be clawed back - do you honestly think that if fraud is proven a bank will let their customer suffer loss just because the receiver /seller wasn't aware?
Sure, an investigation will take place and if I or the bank was “hacked”, or if I was fraudulent, the police would get involved, the phone might get seized, but at no point would my payment to you be reversed.
Yes, it would! And how can a phone be seized when the fraudster has it? It is actually very very rare for police to be involved with the value being so low.
The banks don’t (rightly) have that power/ability.
Yes, they do, if fraud has been committed, they have to protect their customers, if that means clawing back a payment that's what they will do. (as long as the money is still in the customers account)
The banks are a pawn in this game, they don’t get to decide what is and isn’t fraudulent, that’s for the police to decide and take action accordingly.
So banks have fraud teams for what reason? You actually think the police are going to investigate your £600 bank transfer?
If this is 100% safe why do banks have pop ups asking you to clarify the reason for payment etc?
The information you are giving people is incorrect and I hope no one reading these forums listens to you as you may cost them dear. You really do need to stop saying this to people and learn the facts! It is people like you (not aimed at you
specifically) that think you are untouchable then when something goes wrong complain.
www.thisismoney.co.uk
