There are many different types of card fraud and you may not be aware that your card has been used fraudulently until:The check is fake (counterfeit), and the victim is left responsible for any funds used. According to the AFR, recent instances of fraud include a ludicrously obviously fake loan application from Chinese investors hoping to borrow 960,000 to purchase an apartment. A report in the Australian Financial Review has claimed that foreign borrowers are purchasing fraudulent bank income and spending statements for as little as 200.

This will help you identify any unusual activity or transactions you do not agree with.Keeping vouchers and transaction records from merchants, financial institutions, or by electronic terminals such as ATMS will help you to reconcile your statements. Card transactional issues and chargeback rightsYou should always check the accuracy of transactions appearing on your card statements. Refer to your card’s terms and conditions for full details, including when a customer will be liable.

Fake Bank Statement Australia