With over 4 million people getting scammed each year, we can confidently say that scams are becoming more common. Fraudsters are constantly developing more elaborate methods of scamming, leaving victims feeling frustrated and uncertain about their options.
If you bank with Natwest and have fallen victim to a scam, you might be asking: Will Natwest refund me my scammed money? Read on to find out what steps you can take and how CEL Solicitors can help you reclaim your lost funds.
How Do I Know If I’ve Been Scammed?
Scams can take many forms, often catching even the most cautious individuals off guard. Below are some of the most common types of scams:
Investment Scams: Promising high returns on fake investment opportunities.
Impersonation Scams: Fraudsters pretending to be your bank, HMRC, or other trusted organisations.
Romance Scams: Scammers build emotional relationships to gain trust and request money from vulnerable people looking for companionship.
Phishing Scams: Fake emails or texts designed to steal personal information.
Purchase Scams: Fake websites or sellers advertising non-existent products or services.
Signs You May Have Been Scammed
- Unexplained transactions or missing funds from your bank account.
- Requests for sensitive information, like passwords or PINs.
- Pressure to send money urgently to a supposed trusted individual or organisation.
- Receiving confirmation of a payment you didn’t make.
- Sudden silence or disappearance of someone who previously requested funds.
If you recognise any of these signs, it’s important to act quickly. The faster you respond, the better your chances of recovering your money.
Will Natwest Refund My Money If I’ve Been Scammed?
Natwest may refund scammed money, but whether you’re eligible depends on the circumstances of the fraud and whether you meet their criteria.
Natwest adheres to the Contingent Reimbursement Model (CRM) Code, which has been designed to guarantee fair treatment for scam victims. Under this code, banks should refund customers who are deemed not to have been at fault for the scam.
How to Get Your Money Back
If you’ve been scammed, it’s important to act quickly and follow these steps:
Report the Scam to Natwest Immediately: Contact Natwest as soon as you realise you’ve been scammed. The quicker they are alerted, the better the chance of stopping or recovering funds.
File a Fraud Claim: Provide all relevant details of the scam, including the transaction dates, amounts, and any communications you received.
However, refunds are not guaranteed. For example, a report by Money Saving Expert highlighted cases where banks, including Natwest, refused refunds.
How CEL Solicitors Can Help
If Natwest denies your claim, CEL Solicitors can help you fight for your money. Our team of fraud and scam recovery experts specialises in assisting victims in reclaiming their lost funds.
At CEL Solicitors, we offer:
- Free, no-obligation consultations to discuss your case.
- A no-win, no-fee service, meaning you won’t pay us unless we successfully recover your money.
- Personalised support and guidance throughout the claims process.
Contact CEL Solicitors Today
If you haven’t received the support you need from your bank, we are here to help. Don’t let the frustration of a scam stop you from getting your money back.
Call CEL Solicitors on 0330 822 3764 or begin your claim online today. With our expert team on your side, you have nothing to lose and everything to gain.
