Advertisement
Bank Warns 'Romance Fraud' On...

News

Bank Warns 'Romance Fraud' On The Rise

Katie Gallagher
Katie Gallagher

05:35 11 Feb 2026


Share this article


With Valentine's Day this weekend, people are being urged to stay alert for romance fraud.

Bank of Ireland says scams are on the rise, with almost double the number of cases reported to it last year compared to 2024.

BOI says the scams typically begin on social media or dating apps, where criminals build emotional connections before exploiting victims for financial gain.
Head of Fraud, Nicola Sadlier says they are flagging potential romance frauds with customers almost every day.
She's urging people to be cautious with new online relationships, and never send money to someone they haven't met face-to-face.

She says: “Romance fraudsters are deeply manipulative. They often create tragic backstories - a dying relative, illness, or financial crisis - to win sympathy.

"The key message is simple - never send money to someone you’ve only chatted to online.

“Real relationships take time to build, but scammers will profess undying love quickly.

"If an online relationship is moving too fast and suddenly involves money, it’s likely to be fraud.

"Much of this type of fraud starts through social media platforms, so these companies need to play their part in shutting it down quickly.”

The bank have some tips on how to protect yourself, including - be cautious with new online relationships, never send money to someone you haven’t met face‑to‑face, be wary if they avoid video calls or repeatedly cancel plans to meet, and notice inconsistencies in their stories.

They have also included a reminder that celebrities do not message fans asking for money.


Share this article