View Image

TSB has issued a stark and serious warning - after a spike in purchase fraud ahead of Christmas . TSB’s analysis of its data indicated that purchase scams accounted for 63% of bank transfer fraud cases reported between January and September 2025 by its customers.

This is up from 52% across the same period last year. The bank also recorded an 11% annual increase in the volume of purchase fraud cases between January and September 2025. It said that victims lost an average of £452 per scam this year.

Richard Daniels, director of fraud prevention at TSB, said: “As we enter the busy shopping period, scammers will also be ramping up their activity with fake listings for goods and services that simply don’t exist.

READ MORE Price hike for 'crucial' document all UK households need

See Full Page