No1 Currency Supports Take 5 to Stop Fraud

What is the Take 5 Campaign?

Take 5 is a UK-wide campaign led by UK Finance, in collaboration with major banks and financial organisations. Its goal is to educate individuals and businesses about fraud and help them protect themselves from financial scams.

Fraudsters are becoming increasingly sophisticated, using phone calls, emails, and text messages to trick people into giving away personal information or sending money. The Take 5 campaign provides simple, practical advice to help you stop and think before responding to financial requests.

How to Stay Safe: Stop, Challenge, Protect

The Take 5 campaign encourages everyone to follow three key steps when dealing with financial requests:

• STOP – Take a moment to pause and think before parting with your money or personal details.
• CHALLENGE – Could it be fake? It’s okay to reject, refuse, or ignore any request until you’re sure it’s legitimate.
• PROTECT – If you think you’ve been scammed, contact your bank immediately and report it.

Common Travel Money Scams to Watch Out For

As a travel money provider, we want to make sure you stay vigilant against scams when purchasing or exchanging currency. Here are some common scams to be aware of:

Fake Travel Money Websites

• Always buy currency from a trusted provider like No1 Currency and our trusted partners. Be wary of websites offering unrealistically high exchange rates.

Payment Redirection Scams

• Fraudsters may pose as legitimate currency exchange providers and ask you to send money to a different account. Always verify payment details directly with the company.

Too-Good-To-Be-True Deals

• If an exchange rate seems significantly better than others, double-check the legitimacy of the provider before making a purchase.

Impersonation Scams

• An impersonation scam is where a criminal contacts you pretending to be a person or organisation you trust. Scammers can even impersonate police officers or bank officials and may ask you to withdraw or exchange money, claiming it’s for a police investigation. They might say the money is needed for fingerprint analysis, to “catch” criminals, or to secure your account. Never comply with such requests, as it’s a scam.

REMEMBER – Your bank or the police will NEVER ask you to withdraw money.

Never hand over any goods you have purchased to anyone who has contacted you by phone or to someone who comes to your front door.

If you think you have been a victim of any of these types of scams, contact the Police or Action Fraud.

How No1 Currency Keeps You Safe

We are committed to protecting our customers by ensuring a secure and trustworthy service. Here’s how we help safeguard your money:

• We use secure payment methods to protect your transactions.
• Our services are regulated under the supervision of HMRC.
• We will handle your Personal Data in accordance with Data Protection Legislation. Click here to read our full Privacy Policy.
• All our staff members are trained in fraud prevention. This includes training in relation to different scams. However, if you believe you may be subject to a scam, please advise a member of staff, contact your bank or report to Action Fraud and the police.

Stay One Step Ahead of Fraudsters

Scammers are constantly evolving their tactics, so staying informed is the best defence. Always double-check who you’re dealing with, and if something feels off, don’t proceed.

To learn more about how to protect yourself, visit the Take 5 website.

At No1 Currency, we take your security very seriously. Stay alert, stay informed, and take five to stop fraud.