Signs of unauthorised and mistaken transactions

When checking through your transactions, you might come across a transaction that doesn’t look right. If this is the case, you should get into contact with your bank as soon as possible. 

An unauthorised transaction: Money transferred from your account without your permission

A mistaken transaction: Paying the wrong person by using the wrong details

Here are the signs to look out for to identify unauthorised or mistaken transactions:

• Persons or companies whose names you do not know
• Cash withdrawal from a place you have never been 
• Transaction date you don’t recognise
• Payment that has doubled up

But keep in mind:

• Transactions can take days to show up – they are not always immediate
• Name of a shop or restaurant might not match the bank statement (they may have a different trading name which you can verify online)

Posted on 25 February '21 by admin, under money.