Bank Account Fraud

A mule account is a bank account used to receive, transfer, or withdraw money connected with cyber fraud, sometimes with the account holder’s knowledge and sometimes through deception. Allowing others to use your bank account, ATM card, UPI credentials, or banking access can expose you to account freezes, police investigation, and potential legal liability. To reduce the risk, never rent or lend your account, verify suspicious job or commission offers, protect banking credentials, and promptly report suspected fraud to the bank and cybercrime authorities.