How Long Does A Bank Fraud Investigation Take?

Many clients contact their banks when they find out that someone else has been making unauthorised shopping with their credit card. When the bank is notified of the fraud, they start investigating the unapproved transactions.

Once the bank starts investigating the fraud, the customers may wonder how long the bank fraud investigation will take so they can have an outcome.

Once the client notices the unauthorised transaction and get in touch with the bank so they can be aware of the situation, the bank will analyse the case. When the bank is provided with all the necessary documentation and evidence, they will have a maximum of three months to analyse the case, investigate, reach a conclusion and solve the mistake.

Although banks have a maximum of 90 days to conclude the investigation, they must answer the dispute within 30 days.

A bank fraud investigation may be like other forms of fraud inspection as it is carried out by a fraud investigator. When a bank needs to conduct a fraud investigation, normally they will be handled by internal fraud investigators. The internal fraud detectives will then deal with the issue by tracking the client�s electronic transaction trails to find out the origin of deceptive purchases.

On the other hand, a bank fraud investigation may differ a bit from other types of inspections when the credit card fraud comes with identity theft. In this case, it may be necessary to trigger the FBI to investigate or provide fraud investigators with assistance to solve the case.