Identity Theft - who is liable for fraudulent transactions?

RitaDaly

Hi All

I am after some signposting or the answer if possible please.

My question is :

If money is taken from your account, credit card or credit / good are obtained in your name fraudulently - what is the "victim" 's liability?

I have done some reading on the net and as far as I can make out the card issuer / bank may charge £ 50 for each transaction but the rest of the debt is written off - clearly only if fraud is proved.

Does anybody know the answer to this ? or has come across a good factsheet that gives you all the information ?

Any information gratefully received.

Thanks in anticipation

Rita

hollydays

Might be a good idea to post your situation,might get more replies that way.

GaryS

Read the "Banking code Of Conduct" - this contains all the information you need.

RitaDaly

Thanks Gary I will do.

Just wanting to get ahead as I have been a regular TKMarx shopper -

Thanks again

Rita

sarahlouise210

I had all the money in my account taken fraudulently ..it only took a few days to sort out ...I did not have to pay a penny or prove anything. The transactions showed on my statements as happening in France.

pigeonpie

just had this happen to me. The credit card company will refund me. I think there is a time limit though, if you don't notify them? Best to check your card statement weekly for any unauthorised or unrecognised activity. Horrible when it happens.