Bank Scam Class Action Investigation

Your money, our fight: We’ve helped recover $30 million in damages and compensation for people just like you.

Bank Scam Class Action Investigation

Bank Scam Class Action

The Australian Banking Association website states that “Scams are growing ever more complex and sophisticated. There were 256,842 scams worth $596 million reported to ACCC’s scam watch in the 12 months to February 2023 – an average of 21,404 scams a month, worth $49.6 million each month.”   Whilst there have been recent developments to improve cooperation between Banks, Telco’s and Government to prevent scams, it is unfortunately too little too late.  

FD Legal is investigating potential class actions against Australian Banks for failing to notify clients of that they were potentially being scammed. The class action is focused on obtaining redress for Australians who have been scammed in circumstances that:

• The transaction was unusual for their bank accounts;

• The transaction involved an online bitcoin exchange or digital wallet account such as Binance;

• The Bank did not contact the client to discuss the unusual transaction(s);

• The customer has lost funds which could have been prevented had notification been provided of a potential scam.

FD Legal encourages people who have been scammed to register interest with FD Legal at the following address to provide details about their scam to assist with our investigations to commence the class actions against Australian Banks.

Not sure if you have a claim?

Financial dispute claims can be complex and often leave you wondering whether you have a claim or not.

Book an obligation free call to tell us about your story so we can provide you with the best advice on your next steps.

Join this class action

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Recent Cases

FD Legal successfully represented a client in a claim against their stockbroker who failed to disclose conflicts of interest in recommended investments. FD Legal were able to recover the full amount back from the stockbroker as compensation.
Successfully recovered compensation for a client against their former financial advisor who recommended high risk unlisted investments.
Recovered compensation for a client who was recommended to invest into multiple properties by their financial advisor. The claim alleged that the advice to invest into property lacked diversification and resulted in the client recovering compensation.
Assisted a client to achieve an out of court settlement against a financial advisor who failed to provide advice to a client to take out TPD insurance.
FD Legal successfully represented and recovered compensation in a claim against a financial planner who failed to ensure TPD insurance was retained in superannuation fund.
Represented multiple clients through a complaint process with a financial firm who complained that their financial advisor misrepresented the risks involved in investing in shares for an overseas company.
Won significant compensation for client who lost money in SMSF due to negligent financial advice.

Fee Structures

Our fee structures have been developed to provide you with accessible legal support and to ensure we can get the best outcome for you.

We understand the importance that transparency plays in trust, so we make sure to discuss fees up-front.

No-Win-No- Fee

For certain Financial Advice Dispute cases we provide no-win-no-fee. You will be advised after your initial consultation and assessment if this applies to you.

Fixed  Fee

Where possible, our team will provide you with a fixed fee amount for each stage of your claim. This fee is billable regardless of the outcome of your case.

Hourly Rate

If your claim requires a hourly fee structure, we will advise you of cost estimations at every step of your claim to ensure you have control over costs at all times.

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Step 1: Contact us for a free consultation

Our lawyers will prompt you to gather all the preliminary information we require in order to advise whether you may have a claim, this can be as quick as a 15 minute call.

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Step 2: Further evaluation & assesment, at no cost

If we identify the opportunity for a claim in our initial call we will then proceed with a comprehensive assessment into your case, including gathering witness statements, identifying and locating key documentary evidence, and consulting with experts.

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Step 3: Free recommendations, next steps & fee advice

Based on our findings we will offer recommendations on the appropriate legal action to pursue your claim, and clearly explain your next steps.

At this point of engaging us, we will advise you on the fee structure involved in your claim so you are aware of costs involved before proceeding.

Contact us

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Level 2, 167 Eagle Street
Brisbane Qld 4000