What you need to know about money mule scams and how to avoid them

If someone asks to pay money into your bank account, you might think it’s harmless, maybe even helpful. But agreeing to it could make you part of a serious crime known as a money muling.

What is a money mule scam?

Criminals use money mules to help move stolen money. Typically, a scammer asks to send money to your bank account and then tells you to either send it on or withdraw it.

In return, they might offer you a ‘cut’, making it sound like easy money.

But the truth is:

• you’re helping criminals hide where the money really came from
• the original sender is often a scam victim themselves
• and by helping move the funds, you become a money mule, whether you realise it or not

Common money mule scams to watch out for

Here are three common ways scammers trick people into becoming money mules:

Romance scams

Scammers build fake online relationships and then convince their victims to move money ‘as a favour’.

They might say they’re an investor or that their bank account isn’t working. But they’re lying and you could be laundering money for them.

Work-from-home job scams

These fake jobs often advertise titles like ‘payment processor’ or ‘financial assistant’.

You’re told your job is to accept and transfer money, but in reality, you’re helping criminals move stolen funds

Prize or lottery scams

You’re told you’ve won a prize, lottery or sweepstake. But you have to pay fees first or hand over your bank details.

Once they have that information, they might send stolen money through your account, or worse, steal your identity.

Who is being targeted?

Criminals are targeting people all year round, especially young people who may be short on cash or starting university.

According to Santander, 31% of confirmed money mules using its accounts were aged 18 to 24. Many thought they were just doing someone a favour or earning extra money.

But whether you're aware or not, you could be held legally responsible.

Red flags to watch for

Be suspicious if:

• someone asks for access to your bank account
• you’re asked to transfer or withdraw money you don’t recognise
• a ‘job’ involves moving money for other people
• a new romantic connection wants your help with financial transfers

What to do if it happens to you

If money you weren’t expecting shows up in your bank account:

• don’t touch it
• contact your bank immediately
• report it to the police

Never follow instructions from a stranger about money in your account. It’s not worth the risk.

Money mule scams can be easy to fall for, especially when you're trying to make quick cash or help someone you trust.

If it sounds too good to be true, it probably is. Stay alert, protect your account and don’t let yourself be used.