NORTH WEST FRAUD FORUM


Bank payments could be delayed by three days under new anti-fraud rules

4 Oct 2024 11:29 AM | Anonymous member (Administrator)

Bank payments could be delayed by up to three days under new rules that would give banks more time to investigate potential fraud.

The Government said it was proposing laws that will extend the time that payments can be stalled by up to 72 hours.

Currently, a bank has until the end of the next business day to either process of refuse a payment made by a customer.

https://uk.news.yahoo.com/bank-payments-could-delayed-three-230100159.html

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