Also check this.. I got it from HSBC today..

What's an APP Scam?

This is where you're tricked into making a payment to an account outside your control and the person receiving it isn't who you intended to pay, or the payment wasn't for the purpose you originally agreed.

Things you'll need to know

These new rules, due to a change in regulation, only apply to money sent from 7 October 2024 between UK accounts using Faster Payments, a way to send money electronically in near real time, or CHAPS, a type of same day bank transfer, often used for larger payments.

If you need to claim for an APP payment scam:

The maximum amount you could claim is £85,000.

An excess of £100 may be deducted from the claim amount.

We’ll reimburse you no later than 35 business days after you contact us, if your claim is eligible.

You would need to report the scam to us as soon as possible and provide the information we requested from you to properly look into your claim.

The foresight of scams that will be on the rise and how they intend to normalize it! What 🤡 how comes people don’t see anything wrong with this?!?