‘I was saved from a 10,000 car scam’

Image copyright Getty Pictures

Seventy-two-year-old Barry Fox is one of numerous people saved from scams right after bank staff stopped him investing £ 10, 000 on a make believe Rolls Royce.

The particular retired lorry driver went into their Barclays branch intending to withdraw the money to pay for the luxury car he noticed on an internet auction site.

Staff were concerned plus used a new system to notify police to the case and, inside 30 minutes, officers were there.

They made checks and notified Mr Fox to the fact he or she was about to be scammed.

This was one of 1, 262 phone calls made by bank staff to law enforcement or trading standards under the Financial Protocol system that should see a good officer arrive to offer help inside an hour.

UK Financing, which represents the major banks, mentioned this had saved potential sufferers a combined total of £ 9. 1m in its first season of operation. Individuals had been stored between £ 99 and £ 212, 000 each.

Media play-back is unsupported on your device

Media caption The close escape from £ ten, 000 bank scam

Mr Sibel had received some inheritance together decided to spend it on his fantasy car.

The seller acquired told him that they would choose him up from a railway place and then travel to a countryside area to pick up the car. He would pay £ 10, 000 in cash. Financial institution staff said it “didn’t appear right”.

The police officials alerted him to the fact that the car had been registered hundreds of miles away. The vendor on eBay did not match up possibly, so there was probably no vehicle to buy.

“I may have gone there with £ ten, 000 in my pocket and already been knocked over the head with a stay or something, ” said Mister Fox.

Mister Fox was simply advised never to take out the money in this case. Eventually this individual bought another Rolls Royce offered legitimately.

Consist of cases in the last 12 months, 101 busts have been made after calls had been made by concerned bank staff.

The system has been introduced progressively across the country since May and most law enforcement forces are now signed up.

Katy Worobec, from UK Financing, said: “The finance industry is decided to crack down on fraud and it is taking action on all methodologies. The protocol is an important weapon within our armoury. ”

‘Not enough’

1 consumer group said that the system ought to be extended to other types of scam.

Alex Neill, from customer group Which?, said: “It is correct that banks are helping to defend customers from fraudsters by notifying the police to unusual cash withdrawals in branches. But this is a little part of the much wider problem that requires tackling.

“In the very first six months of 2017, over £ 100m was lost to financial institution transfer scams, so banks should urgently introduce similarly robust actions to deal with online scams, where customers still remain vulnerable. ”

Anyone worried about fraud may contact the Citizens Advice customer helpline on 03454 040506.

Related Topics