Job hunters are being warned about a dramatic rise in fake job advertisements that could leave them thousands of pounds out of pocket, according to Lloyds Bank. The lender reported a 237% increase in so-called “advanced fee” job scams since the start of the year, with victims losing an average of £1,420, and some losing more than £5,000.
The scams often originate on social media, offering roles such as remote work, content creation, or simple online tasks like liking TikTok videos or reviewing hotels. Victims are promised high commissions and returns, but are asked to pay upfront fees for application processing, training, or visa sponsorship. Once payment is made, the scammers disappear.
Young adults aged 18 to 34 are the primary targets. In more elaborate cases, scammers simulate entire recruitment processes, including fake interviews and contracts, and may impersonate genuine agencies. Victims can be added to WhatsApp groups or shown fake bank balances. Some are tricked into becoming money mules, transferring stolen funds, which can lead to a criminal record.
Christina Ford, a fraud investigator at Lloyds, said victims are often approached unexpectedly on social media with offers of quick cash. “These offers usually take place on social media platforms, sometimes not even framed as a job advert,” she said. Liz Ziegler, the bank's fraud prevention director, advised: “If you find yourself being asked to make any sort of payment to apply for a job, take a step back and ask yourself if the opportunity feels legitimate.”
