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
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.
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.
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.
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.
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.
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.