The State Bank of Pakistan (SBP) has warned citizens to stay alert against a new money transfer fraud in which scammers trick people by pretending they have sent money to the wrong account.
According to the central bank, fraudsters contact individuals via phone calls or text messages, claiming they have accidentally transferred funds to their account. They then pressure the recipient to send the money back, but the entire setup is a planned scam designed to steal from unsuspecting citizens.
The SBP has urged people not to return any money on their own if such an incident occurs. Instead, they should immediately contact their respective bank through its helpline or visit the nearest branch to verify the transaction.
Officials said that in many cases, scammers send fake screenshots or transaction messages to convince victims that a real transfer has taken place. Such tactics exploit confusion and push people into sending their own funds to fraudsters.
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The SBP spokesperson stressed that digital banking users must remain vigilant and never share personal details, account numbers, or OTPs with anyone, even if the caller claims to represent a bank.
He added that both the State Bank and commercial banks are actively monitoring and taking action against such fraudulent activities, but public awareness remains the strongest defense.
