{"id":161764,"date":"2026-10-23T12:19:07","date_gmt":"2026-10-23T06:49:07","guid":{"rendered":"https:\/\/www.thomascook.in\/blog\/?p=161764"},"modified":"2026-10-26T12:24:31","modified_gmt":"2026-10-26T06:54:31","slug":"money-transfer-scams-to-watch-out-for-when-sending-money-abroad","status":"publish","type":"post","link":"https:\/\/www.thomascook.in\/blog\/forex\/money-transfer-scams-to-watch-out-for-when-sending-money-abroad\/","title":{"rendered":"Money Transfer Scams to Watch Out For When Sending Money Abroad"},"content":{"rendered":"<div class=\"pld-like-dislike-wrap pld-template-1\">\r\n    <div class=\"pld-like-wrap  pld-common-wrap\">\r\n    <a href=\"javascript:void(0)\" class=\"pld-like-trigger pld-like-dislike-trigger  \" title=\"\" data-post-id=\"161764\" data-trigger-type=\"like\" data-restriction=\"cookie\" data-already-liked=\"0\">\r\n                        <i class=\"fas fa-thumbs-up\"><\/i>\r\n                <\/a>\r\n    <span class=\"pld-like-count-wrap pld-count-wrap\">0    <\/span>\r\n<\/div><div class=\"pld-dislike-wrap  pld-common-wrap\">\r\n    <a href=\"javascript:void(0)\" class=\"pld-dislike-trigger pld-like-dislike-trigger  \" title=\"\" data-post-id=\"161764\" data-trigger-type=\"dislike\" data-restriction=\"cookie\" data-already-liked=\"0\">\r\n                        <i class=\"fas fa-thumbs-down\"><\/i>\r\n                <\/a>\r\n    <span class=\"pld-dislike-count-wrap pld-count-wrap\">0<\/span>\r\n<\/div><\/div><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 7<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span><p><span style=\"font-weight: 400;\">With the advancements in technology, there are a lot of benefits, especially the ability to transfer money globally. Those working abroad can send money back home to their family. As for the students abroad, they can get necessary resources from their family members.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">International travellers can also benefit from money transfers because they can access the cash at their destination. While there are benefits, there are drawbacks as well. Scammers are always on the lookout for opportunities to conduct <\/span><span style=\"font-weight: 400;\">money transfer frauds<\/span><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These criminals use many practices to trick people into paying them money by creating false scenarios. Let&#8217;s explore some of the most common <\/span><span style=\"font-weight: 400;\">money transfer scams<\/span><span style=\"font-weight: 400;\"> when sending money abroad.\u00a0<\/span><\/p>\n<h2><b>Why Do Money Transfer Scams Happen?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Money transfer scams<\/span><span style=\"font-weight: 400;\"> are more common than you can think. The main reason why scammers pull this off is to extract money from victims by winning their trust. These scammers may act like a real and verified business or a close friend of your family members. In fact, some of these scammers also submit documents and share details that may make you believe them.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Since the money is transferred internationally, victims often face challenges in either tracing it or recovering it. Many of these scammers may use <\/span><span style=\"font-weight: 400;\">money transfer frauds<\/span><span style=\"font-weight: 400;\"> for laundering money or even legally obtained funds. In fact, some of the scammers put the money towards funding illegal activities.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you have to send money abroad, you should be mindful of the fraudulent money transfer activities that may happen around you. You should not send money to individuals or organisations you don&#8217;t know.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you&#8217;re not mindful of <\/span><span style=\"font-weight: 400;\">money scams<\/span><span style=\"font-weight: 400;\">, it can eventually lead to other fraudulent activities or crime. Some of these common fraudulent activities include bank transfer scams and frauds, and even push payment frauds.\u00a0<\/span><\/p>\n<h2><b>Common Money Transfer Scams to Watch Out For<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Falling victim to <\/span><span style=\"font-weight: 400;\">money transfer frauds<\/span><span style=\"font-weight: 400;\">, especially involving international transactions, is very common. The scammers will deceive you into paying them, eventually leading to losing a lot of money.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Below are some of the international <\/span><span style=\"font-weight: 400;\">money transfer scams<\/span><span style=\"font-weight: 400;\"> that people often fall victim to:<\/span><b><\/b><\/p>\n<h3><b>Family Emergency<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">You may receive a call from an individual impersonating an authority figure, claiming that your friend or family member may be in trouble. They&#8217;ll tell you that your close person needs immediate help, as they&#8217;re stuck in a foreign land.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A very common reason why most people fall victim to such scams is that the impersonator or scammer knows a lot of personal details. However, in some cases, most of the details that they know are easily available on the internet.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To initiate <\/span><span style=\"font-weight: 400;\">money fraud<\/span><span style=\"font-weight: 400;\">, they&#8217;ll try to create a sense of urgency. As you become worried, you may be unable to think clearly. They will want the victim to initiate a money transfer, send cryptocurrency or send money urgently. In such cases, do not act right away, but think about it.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the impersonator has mentioned any name, hang up the call and then call the individual the scammer mentioned. If that isn&#8217;t feasible, you should also interrogate the impersonator about personal details. This should help you avoid the risk of falling victim to scams.\u00a0<\/span><b><\/b><\/p>\n<h3><b>Immigration Scams<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">When you&#8217;re travelling abroad, one of your main concerns would be immigration. While you&#8217;re preparing all the documents, you should also watch out for <\/span><span style=\"font-weight: 400;\">money scams<\/span><span style=\"font-weight: 400;\">. Oftentimes, scammers may call you and claim that there&#8217;s a problem with one of your documents.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While you may try to figure out what the problem is, they will suggest making a payment of a certain amount to resolve the issue immediately. They will provide bank account details where you&#8217;re required to make the payment.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In case of immigration scams where the individual tries to extort money from you, do not give away the details. Rather than paying the individual, visit the official website of the immigration authority and verify their method of payment acceptance.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Avoid international money transfers at all costs, even if it is via gift cards or to personal accounts. This is one of the common scams where the method of reaching out may change frequently. However, you should watch out for the signs that will help you stay safe.\u00a0<\/span><b><\/b><\/p>\n<h3><b>Money Mule Scheme<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">You must really watch out for these fraudulent money activities, for there is a lot involved. The scammers will ask you to transfer a small amount of money and then send it forward. You will be promised a small fee for it.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You&#8217;ll often have foreigners trying to contact you for the same. When you are to <\/span><a href=\"https:\/\/www.thomascook.in\/remit-from-india\"><span style=\"font-weight: 400;\">remit money from India<\/span><\/a><span style=\"font-weight: 400;\"> to someone abroad, make sure that you know the recipient and the purpose of the transaction. It is very important that you avoid making transactions for unknown individuals who promise a commission.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you accept the offer, in some cases, you unknowingly become a part of the money mule scheme. You will be exposed to legal and financial risks. Before you initiate the international transfer, you should always verify the recipient details and legitimately transfer the money.\u00a0<\/span><b><\/b><\/p>\n<h3><b>Job Scams<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Getting a job abroad can be a big deal and will mean financial security. However, many individuals carry out <\/span><span style=\"font-weight: 400;\">money transfer frauds<\/span><span style=\"font-weight: 400;\"> through this method. The scammers will post fake jobs via fake websites and social media, often promising a work-from-home opportunity.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After you express your interest, you&#8217;ll need to undergo the entire interview process, which feels very real. As part of the hiring process, they will suggest that you transfer some amount. They promise that upon successful payment, you will get to complete the mandatory training course and receive equipment.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you come across any such companies and offers that are extremely attractive, often as if it is unbelievable, make sure to research the company independently. Visit their official website and check the contact details. Moreover, any company that asks you to pay upfront for any reason is likely not legit.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Falling victim to such a send-money scam can be very disheartening. This is mostly because you were expecting to get a stable job from an international company. Be very cautious before making payments, as you may find out the truth after you&#8217;ve made the payment.\u00a0<\/span><b><\/b><\/p>\n<h3><b>Extortion Scams<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">If you&#8217;ve been active on social media and dating sites, you&#8217;re likely to have heard of extortion scams. These are very common, where the fraudster asks you to send money to them. Either these fraudsters will build a story or blackmail the victim.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the case of extortion scams, the scammer may claim to have your embarrassing or compromising pictures. These individuals often send such messages hoping that they will get only a small percentage in return.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While such messages can be very triggering, it is important that you avoid them. These criminals try to conduct these <\/span><span style=\"font-weight: 400;\">money scams<\/span><span style=\"font-weight: 400;\"> by hacking your social media accounts.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Irrespective of the scenario, do not fall victim to such scams. You should reach out for legal help. The best thing to do in such a scenario is often to delete and ignore the message completely. If you identify any attachments or links, make sure to avoid them. Furthermore, change your password for better safety.\u00a0<\/span><b><\/b><\/p>\n<h3><b>Low Exchange Rates\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">A low exchange rate may make <\/span><a href=\"https:\/\/www.thomascook.in\/international-money-transfer\"><span style=\"font-weight: 400;\">international money transfer<\/span><\/a><span style=\"font-weight: 400;\"> very attractive. These scammers will advertise the low exchange rates across all platforms so that users like you send money using their platform. However, it is only when you&#8217;re lured in and trying to make the payment that you will realise the hidden charges.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Before sending money internationally according to the exchange rates provided by the scammer, so a thorough market research. You must check the fee structure and the current exchange rate being offered in the market.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You should avoid using unauthorised platforms or individuals who promise you better rates. To avoid low exchange rate scams, you should choose an authorised money transfer provider such as Thomas Cook. You can verify the details from the official website.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">An authorised partner will provide transparent rates. Furthermore, using platforms like Thomas Cook assures that you&#8217;ll be informed about the price changes. Therefore, you can lock in the best exchange rates and avoid losing money due to fluctuating exchange rates.\u00a0<\/span><b><\/b><\/p>\n<h3><b>Tech Support<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">These tech support scammers often carry out <\/span><span style=\"font-weight: 400;\">fraud money transfers<\/span><span style=\"font-weight: 400;\"> at a significant rate. These scammers will reach out to unsuspecting victims, especially those who are not that tech-savvy or tech-educated. Therefore, people who are not technologically advanced are likely to suffer.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Impersonating tech support, these individuals will demand money for fixing a problem that was not there earlier. They will threaten to cause damage and even hold a ransom when payment is not made in time.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Whether you&#8217;re tech-savvy or not, if someone calls you and asks for your financial details, hang up on them. Do not provide any information that can be useful to them, leading you to lose money. Always work with a reputed and authorised money transfer platform to avoid legal risks.\u00a0<\/span><\/p>\n<h2><b>Warning Signs to Watch Out For Money Transfer Frauds<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">You should be mindful about using wire transfers, because these scammers get most of their information from here. To identify <\/span><span style=\"font-weight: 400;\">money transfer scams<\/span><span style=\"font-weight: 400;\">, you should watch out for the following signs:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">An individual requesting money in different forms, like wire transfers or gift cards.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Any third-party money transfer platform that is most likely a fraudulent account.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Any individual\/platform that promises to offer higher returns on investments.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A platform that promises to keep your transactions a secret.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A platform that promises you will pay the fees upfront.\u00a0<\/span><\/li>\n<\/ol>\n<h2><b>How to Avoid Falling Victim to Money Transfer Scams?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Below are some of the key tips to avoid becoming a victim of <\/span><span style=\"font-weight: 400;\">money transfer scams<\/span><span style=\"font-weight: 400;\">:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Avoid sending money to any unknown individuals. Even if they seem legitimate, you should not send money internationally to someone you don&#8217;t know.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Watch out for unsolicited money requests. If anyone asks you to send money, double-check their details. Make sure you know your recipient and the purpose of transactions.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Keep track of all your payments and transactions, especially the international ones. Maintain a record of official documents and ensure that they match.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Do not use any unauthorised platforms for money transfers, especially when they&#8217;re offering low exchange rates.\u00a0<\/span><\/li>\n<\/ol>\n<h2><b>Conclusion<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">With <\/span><span style=\"font-weight: 400;\">money transfer frauds<\/span><span style=\"font-weight: 400;\"> increasing, you should be really mindful about your transactions and activities. To avoid losing out on money, use a reliable platform like Thomas Cook. The accurate exchange rates ensure that you&#8217;re protected against potential risks.<\/span><\/p>\n<h2><b>FAQs<\/b><b><\/b><\/h2>\n<h3><b>What money transfer scams do people fall victim to when sending money abroad?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">When you&#8217;re sending money abroad, there are some major scams like phishing messages, fraudulent payment requests, impersonation scams and offers that promise a favourable exchange rate.\u00a0<\/span><b><\/b><\/p>\n<h3><b>How to verify if the international money transfer service is legitimate?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Before sending money abroad, it is crucial to verify that the money transfer service is legitimate. Therefore, you should not rely on any links, but check their website and the exchange rates they&#8217;re offering. Furthermore, consider the terms of transactions.\u00a0<\/span><b><\/b><\/p>\n<h3><b>Can you identify if a money transfer request is a scam?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">It is often difficult to identify if the money transfer request is a scam. If anyone you don&#8217;t know has reached out to you and asked you to use an unfamiliar method of payment, they&#8217;re likely a scam. Furthermore, sometimes these individuals may also request that you make payments from an unverified source.\u00a0<\/span><b><\/b><\/p>\n<h3><b>Is it safe to share any personal financial details for international money transfer?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">You should use personal financial details for international money transfer only if you&#8217;re using verified channels. Do not share OTPs, PINs or authentication credentials with anyone.\u00a0<\/span><b><\/b><\/p>\n<h3><b>Do scammers use fake exchange rates to trick you into international money transfers?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Yes, some scammers use fake exchange rates to initiate an international <\/span><span style=\"font-weight: 400;\">send money scam<\/span><span style=\"font-weight: 400;\">. They may communicate a lower fee and then add undisclosed charges later. Before you transfer the amount, make sure to check the exchange rate they&#8217;re offering.\u00a0<\/span><b><\/b><\/p>\n<h3><b>How to send money abroad safely and avoid scams?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">If you want to transfer money abroad safely, you should verify the recipient&#8217;s details carefully. Before making any payment, confirm the recipient&#8217;s details. Furthermore, you must avoid using any <\/span><span style=\"font-weight: 400;\">fraud money transfer<\/span><span style=\"font-weight: 400;\"> links.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>0 0 With the advancements in technology, there are a lot of benefits, especially the ability to transfer money globally. Those working abroad can send money back home to their family. As for the students abroad, they can get necessary [&hellip;]<\/p>\n","protected":false},"author":3588,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"post-forex-destination-right.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3134],"tags":[],"class_list":["post-161764","post","type-post","status-publish","format-standard","hentry","category-forex"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Money Transfer Scams to Avoid When Sending Money Abroad | Thomas Cook<\/title>\n<meta name=\"description\" content=\"Learn how a send money scam works and the red flags to spot. Know the most common money frauds and how to stay safe with Thomas Cook. 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Read more today!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.thomascook.in\/blog\/forex\/money-transfer-scams-to-watch-out-for-when-sending-money-abroad\/\" \/>\n<meta property=\"og:site_name\" content=\"Thomas Cook India Travel Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ThomasCookIndiaLimited\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-10-23T06:49:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-10-26T06:54:31+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@tcookin\" \/>\n<meta name=\"twitter:site\" content=\"@tcookin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Thomas Cook Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.thomascook.in\\\/blog\\\/forex\\\/money-transfer-scams-to-watch-out-for-when-sending-money-abroad\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.thomascook.in\\\/blog\\\/forex\\\/money-transfer-scams-to-watch-out-for-when-sending-money-abroad\\\/\"},\"author\":{\"name\":\"Thomas Cook Admin\",\"@id\":\"https:\\\/\\\/www.thomascook.in\\\/blog\\\/#\\\/schema\\\/person\\\/4be8781c675ca53080d502c9a7a37c34\"},\"headline\":\"Money Transfer Scams to Watch Out For When Sending Money Abroad\",\"datePublished\":\"2026-10-23T06:49:07+00:00\",\"dateModified\":\"2026-10-26T06:54:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.thomascook.in\\\/blog\\\/forex\\\/money-transfer-scams-to-watch-out-for-when-sending-money-abroad\\\/\"},\"wordCount\":2068,\"articleSection\":[\"Forex\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.thomascook.in\\\/blog\\\/forex\\\/money-transfer-scams-to-watch-out-for-when-sending-money-abroad\\\/\",\"url\":\"https:\\\/\\\/www.thomascook.in\\\/blog\\\/forex\\\/money-transfer-scams-to-watch-out-for-when-sending-money-abroad\\\/\",\"name\":\"Money Transfer Scams to Avoid When Sending Money Abroad | Thomas Cook\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.thomascook.in\\\/blog\\\/#website\"},\"datePublished\":\"2026-10-23T06:49:07+00:00\",\"dateModified\":\"2026-10-26T06:54:31+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.thomascook.in\\\/blog\\\/#\\\/schema\\\/person\\\/4be8781c675ca53080d502c9a7a37c34\"},\"description\":\"Learn how a send money scam works and the red flags to spot. 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