← Back to Business Expert
UK · Business finance · Data HubRefresh-audited 21 May 2026

UK APP Fraud Statistics 2026: Losses, Reimbursement & Scam Types

UK APP fraud losses totalled £450.7 million in 2024. Under the PSR mandatory reimbursement scheme (launched October 2024), banks reimbursed 88% of losses in the first year.

Authorised Push Payment (APP) fraud occurs when a victim is manipulated into sending money to a fraudster’s account. It became the largest single category of UK payment fraud by value between 2019 and 2022, overtaking card fraud. The PSR introduced mandatory reimbursement in October 2024, requiring banks to reimburse victims up to £85,000 per claim for UK Faster Payments and CHAPS transfers.

MetricValueSourcePeriod
APP fraud gross losses£450.7mUK Finance Annual Fraud Report2024
APP fraud as share of total payment fraud38.4%UK Finance2024
APP fraud reimbursement rate (PSR mandatory scheme)88%PSR mandatory reimbursement dataOct 2024 to Sep 2025
PSR reimbursement cap per claim£85,000PSR Specific Direction 20From October 2024
Largest APP subcategory by valueInvestment scamsUK Finance2024
Largest APP subcategory by volumePurchase scamsUK Finance2024

For the full dataset including historical trends and all payment rail breakdowns, see our UK Payment Fraud Statistics hub.

Frequently asked questions

How much is lost to APP fraud in the UK each year?

UK APP fraud gross losses totalled £450.7 million in 2024, according to UK Finance. This represents 38.4% of total payment fraud losses. APP fraud peaked at £583.2 million in 2021 and has declined since mandatory reimbursement rules strengthened. (Source: UK Finance Annual Fraud Report 2024)

What is the APP fraud reimbursement rate in the UK?

Under the PSR mandatory reimbursement regime, UK banks reimbursed 88% of APP fraud losses by value in the first year of operation (October 2024 to September 2025). The scheme covers UK-to-UK Faster Payments and CHAPS transfers up to £85,000 per claim. (Source: PSR mandatory reimbursement data, 2025)

What is the most common type of APP fraud in the UK?

Purchase scams are the most common type of APP fraud by volume (number of cases), while investment scams typically account for the largest losses by value. Impersonation scams (posing as a bank, police officer, or HMRC) are the third-largest category. (Source: UK Finance Annual Fraud Report 2024)