The Metropolitan Police Service are warning students that they have seen a recent increase in offences where suspects are approaching victims claiming they have lost their bank cards and urgently need to withdraw cash.
They ask the victim if they can transfer money to them in exchange for cash, then display what appears to be proof of payment on a banking app. The app, however, is fake, and no transfer is ever made. Believing the transaction has been completed, victims’ hand over cash, sometimes as much as £1,000.
They are predominately targeting students and young people in key locations such as train stations and shopping centres.
On 8 April 2026, the Met Police conducted warrants and arrested two suspects for committing 10 of these types of offences with victim losses ranging from £90 to £1,000. Both of these suspects have both been remanded in custody to attend court.
Sometimes criminals target cash points in order to commit fraud. If you’re approached to make a transfer on behalf of someone else, stop:
- Decline to make the transaction and walk away.
- Don’t withdraw cash on behalf of someone else, even if they say they will transfer you the money.
- Don’t provide any personal information to people who approach you.
If you’ve been the victim of fraud, make a report to Report Fraud online or by calling 0300 123 2040. Find out more about what you’ll need to report and what happens after you report.
If you’ve lost money or you think a fraudster has access to your bank account, tell your bank or payment service provider as soon as possible so they can protect your account and help you get your money back. Always contact them directly using a known email or phone number, such as the ones shown on their website or the back of your card, or call 159.
For more information read our article I think I've been targeted by a scam, what should I do?