Fraud Prevention

Protecting your business from fraud is essential in today's digital landscape. Abell Money is committed to helping you detect, prevent, and respond to fraud attempts quickly and effectively. If you suspect fraud, follow the steps below immediately.

1. Secure Your Account

• Log into your Abell Money online banking portal and freeze all affected accounts
• Change your online banking passwords
• Enable two-factor authentication if not already active
• Review recent transactions for any other suspicious activity

2. Document Everything

• Take screenshots or photos of suspicious transactions
• Note down dates, times, and details of suspicious communications
• Save any related emails or messages

3. Contact Us

• Call our 24/7 Fraud Hotline: 0203 376 0855
• Email our fraud team: fraud@abellmoney.co.uk
• Use the secure messaging system in your Abell Money online banking portal

Before reporting fraud, check if the transaction might be:

• A legitimate business expense from an employee with authorized access
• A scheduled vendor payment or subscription
• A payment made by another account signatory
• A merchant name that appears different from the business name

• Account Takeover - Unauthorized access to your business banking accounts
• Supplier Fraud - Fake invoices or changed payment details from supposed suppliers
• Employee Fraud - Unauthorized transactions or misuse of business accounts
• Payment Fraud - Unauthorized payments or transfers from your accounts
• Business Email Compromise - Fraudsters impersonating executives to authorize payments

• Set up dual authorization through your Abell Money business portal for payments above your chosen threshold
• Implement regular account monitoring and reconciliation procedures
• Train all employees on fraud prevention and security protocols
• Enable Abell Money's Smart Alert service for real-time transaction monitoring
• Regularly review and update account access permissions through your business dashboard