Cheque fraud losses 2020 by type

Data on the annual value of cheque fraud losses in the United Kingdom (UK) in 2020, by type of fraud. shows that annually the amount lost due to cheque fraud has fluctuated, despite the fall in payments made using cheques. In 2019, counterfeit cheque fraud amounted to the highest loss with 41.3 million British pounds. Cheque fraud losses includes counterfeit, forged and fraudulently altered cheques.

Value of cheque fraud losses in the United Kingdom (UK) in 2020, by fraud type (in million GBP)

Characteristic	Value in million GBP
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Release date

March 2021

More information

Region

United Kingdom

Survey time period

2020

Supplementary notes

The source adds additional information: "There are three types of cheque fraud: counterfeit, forged and fraudulently altered checks. Counterfeit cheques are printed on non-bank paper to look exactly like genuine checks. Forged cheques are genuine cheques that have been stolen from an innocent customer and used with a forged signature. A fraudulently altered cheque is a genuine cheque that has been made out by the genuine customer but a fraudster has altered it before payment i.e. by changing the name of beneficiary or the amount."
Data for earlier months are published also by the source here.

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