How to spot common types of fraud
Key takeaways
- Stop if you are being pressured to act or send money.
- Think about whether the request or offer makes sense.
- Check who you’re dealing with through a trusted, independent source.
- Never share one-time passcodes or approve requests you didn’t initiate.
- Act quickly if you believe you’ve been targeted by fraud.
Fraud can happen to anyone, and criminals are constantly changing the tactics they use. This International Fraud Awareness Week 2026, An Post Money highlights three types of fraud to watch for and simple steps you can take to protect your money and personal information.
Three common types of fraud to watch out for
Money mule scams
A money mule is someone who allows their bank account to be used to receive and transfer money linked to crime. Fraudsters may advertise “easy money” or a quick commission, approach people through social media, or ask someone to receive funds on behalf of a friend, employer or romantic contact.
Warning signs can include:
- Being offered money for receiving or transferring funds through your account.
- Being asked to move money on behalf of someone you don't know or have only recently met.
- Job opportunities that involve using your personal bank account to receive or transfer money.
- Being told you can keep a percentage of the money you transfer.
How to protect yourself:
- Never let someone else use your account, card or payment details to move money.
- Be cautious if you are asked to receive money and send it somewhere else.
- Be wary of offers that promise money for little or no work.
If you agree to be a Money Mule on behalf of a fraudster, even unknowingly, you are involved in criminal activity.
Account takeover and token fraud
Account takeover happens when a fraudster gains access to your account, often after stealing login details or persuading you to approve a security request. Token fraud can involve a criminal asking for a one-time passcode, verification code or approval notification so they can add your card to their google or apple wallet and spend your funds.
Warning signs can include:
- Unexpected requests for a one-time passcode or verification code.
- Login or security notifications you don't recognise.
- Requests to approve a payment, device or digital wallet you didn't initiate.
- Someone claiming to be from a trusted organisation and asking you to share security information or approve an unexpected request.
How to protect yourself:
- Never share a one-time passcode (OTP) with anyone.
- Never approve a login, payment or device registration you did not initiate.
- Pause and independently check the request if something doesn’t look right.
For more advice on protecting your account and one-time passcodes, read our fraud prevention tips. Please note that An Post Money will never ask you to share a one-time passcode or transfer money from your account.
Investment scams
Investment scams often promise high returns with little or no risk. They may begin with an online advert, social media post, unexpected message or convincing website. Fraudsters can impersonate legitimate firms, create a sense of urgency and encourage an initial small payment before asking for more.
- Warning signs to look out for include:
- Promises of guaranteed or unusually high returns
- Pressure to invest or make a decision quickly
- Unexpected contact about an investment opportunity
- Requests to pay using unusual methods
- Contact details or websites that are difficult to independently verify
How to protect yourself:
- Research the company independently before investing.
- Check its regulatory details using trusted sources.
- Don’t rely solely on links or contact information provided by the person offering the investment.
- Take your time before making a financial decision.
What to do if you think you have been targeted by fraud
If you think you have been targeted by fraud, stop and do not share any further information, approve requests or make payments. Contact your financial institution immediately.
If you are an An Post Money customer and believe your account or payment details may have been compromised, contact us immediately through our official support channels.
If you believe you have been a victim of fraud, you should also report it to your local Garda station. An Garda Síochána also recommends keeping relevant information, such as emails and account details, when making a report.
More ways to protect yourself from fraud
Knowing what to look out for can help you spot suspicious activity sooner. Visit our Security Hub for more guidance on fraud and keeping your account secure.
Remember: Taking a few extra seconds to stop, think and check can help protect your money and personal information.
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