What is bank fraud?

[Alice]

I hear this term often but don't know what is bank fraud. Does it include things like false loan applications or only major financial hacking?

 

[Elisa]

Bank fraud is when someone illegally tries to obtain money, assets, or financial information from a bank or its customers through deception. It includes actions like identity theft, fake checks, account takeover, loan fraud, or phishing scams. The goal is always to trick the bank or customer into giving up funds or sensitive data.

 

[Jarwish]

Bank fraud is a crime where someone illegally uses deception to steal money or assets from a bank or its customers through false information, identity theft, or scams.

 

[Clay]

Bank fraud is any illegal activity where someone tries to steal money, assets, or personal information from a bank or its customers by using deception. This can include things like identity theft, fake checks, phishing scams, card skimming, or pretending to be the bank to trick people. The goal is always to gain unauthorized access to funds or financial accounts.

 

[Millie]

Bank fraud is a crime that entails the use of false information or deceit to steal money and assets or services illegally in a bank or financial institution. The most typical cases are those of check frauds, identity thefts, loan frauds, credit card frauds, and unauthorized electronic transactions.

 

[AngeloBeaz]

Bank fraud is an offence in the financial sector in which a person employs false statements or deception to gain access to the money, assets or services of a bank illegally. It involves such activities as identity theft, forged checks, loan fraud, credit card fraud and unauthorized electronic transactions.