New protection for individuals tricked into transferring money to fraudsters has now taken effect – but not all banks are signed up to the scheme.
Some 84,000 bank customers lost money – sometimes tens of thousands of pounds – last year after being caught out.
Only a fraction of the amount lost was refunded by banks. Now a new code should mean more will be reimbursed.
The refund will come from a central pot in cases when neither the bank nor the customer are to blame.
Which banks have signed up?
Eight banks ... Read even more
