When Bank Traces Fail: How We Can Get Your Money Back

Few things are as distressing as realizing you’ve lost money online. The immediate aftermath is often filled with panic and uncertainty, with a singular focus on recovering your funds. Many victims wonder if getting their money back is possible, but misinformation can make the situation even more challenging.

There’s a common misconception that banks can always recover lost funds, but unfortunately, this isn’t always the case. Below, we outline the best steps to take and how FAC can assist you in recovering your money.

Immediate Actions to Take

As soon as you realize you’ve been scammed, your first instinct will likely be to report the fraud to your bank. While this is a necessary step, many victims find that their bank simply provides a complaint reference and attempts a chargeback. In some cases, the bank may also contact the recipient’s bank.

However, by the time most victims report the fraud, the funds have often already been moved, making bank-led recovery efforts uncertain at best. Success in retrieving lost money through banks can be unpredictable and largely depends on the circumstances.

What to Know Before Seeking Recovery Through Your Bank

If you’ve reported the fraud to your bank and are struggling to get your money back, it’s essential to understand how recovery processes work. One potential avenue is the Contingent Reimbursement Model (CRM), introduced in the UK in May 2019. This framework allows banks to refund victims who have met certain obligations before and during the scam.

However, not all banks participate in this scheme, and even those that do often have terms that limit their responsibility. If your bank declines to assist, you can submit a Subject Access Request (SAR) to access all internal records related to your case, which may provide useful information.

At Fraud Awareness Courses Ltd (FAC), we handle this process on your behalf. Our team takes care of all paperwork, tracing, and investigations, reducing the burden on you.

How FAC Can Help You Recover Your Money

Unlike banks, which typically do not conduct in-depth tracing to identify scammers, FAC takes a different approach. Many victims believe that their bank should be held accountable for protecting their money, but in most cases, banks reject such claims. Additionally, users of digital financial services like Revolut may find that they lack the same protections as traditional banks.

If your case involves cryptocurrency, our specialists can track transactions across the blockchain, helping locate your funds and pursue recovery efforts. Since crypto transactions operate globally, this method isn’t restricted by banking regulations.

Unlike other recovery firms that rely solely on bank communications, FAC conducts comprehensive investigations to trace your lost money. Whether your case involves crypto, fraudulent transactions, or legal action, we explore every possible route to recover your funds.

Take the Next Step

If you’ve lost money to fraud and need expert assistance, our team is here to help. Contact FAC today to discuss your case and begin the recovery process.