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Banking Scam

Alert message sent 19/02/2019 16:38:00

Information sent on behalf of Bedfordshire Police


Dear Residents

I want to make you aware of a scam I have just been told about, this scam is targeting young people in particular. It’s called 'deets and squares'.  This is slang for bank details and a square is a credit card/debit card (who knew!).

Young people are becoming ‘money mules’ by handing over their bank details to fraudsters in exchange for money, making them accessories to the fraudsters’ crime.   For many young people, the prospect of getting some extra cash simply by allowing someone to use their bank account for a money transfer sounds too tempting to resist. What could be the harm?  Of course, the harm is very real – they risk a prison sentence, the loss of banking facilities, a ruined credit history and financial difficulties lasting well into adulthood.
  
As young people start back at school parents can help prevent their children falling victim to this fast developing scam by following these top tips:
  1. Go through their bank statements with them regularly. Can they account for every transaction?
  2. Make sure they know never to give anyone else their online PIN, passcode or password, even to someone claiming to be from the police or their bank.
  3. If they unexpectedly come home with new clothes, phones or other items they can’t account for, ask where the money came from.
  4. Explain that letting someone else use your bank account, however plausible their reasons sound, is a potentially serious criminal offence that could damage their financial future – it could mean that they won’t be able to open a new bank account or get credit, a mortgage, or even a mobile phone contract.
  5. Teach them this simple rule of thumb about offers of easy money: if it looks too good to be true, it almost certainly is! 
As always, if I can be of any further assistance please do not hesitate to get in touch.
 
Kind regards
Gill
 
Message sent by
Gillian Richardson (Police, PCS, North)

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