---
title: Maximum refund for victims of APP Scams confirmed
description: The Payment Systems Regulator confirmed £85,000 will be the maximum refund amount for victims of Authorised Push Payment (APP) scams, from 7th October.
---

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# [Maximum refund for victims of APP Scams confirmed](https://www.plenitudeconsulting.com/news-insights/maximum-refund-for-victims-of-app-scams-confirmed)

 Written by [Insight & Partnership Team](https://www.plenitudeconsulting.com/news-insights/author/insight-partnership-team) | Sep 26, 2024 12:13:36 PM

 

The new threshold amount:

- Was slashed from £415,000 to £85,000, bringing the cap in line with the Financial Services Compensation Scheme #FSCS limit;
- Will see over 99% of claims (by volume) covered; and
- Reinforces balancing consumer protection and strengthened anti-fraud measures, while supporting market competition and innovation.

Although the PSR's reimbursement cap is set at £85,000, banks remain liable for amounts up to the Financial Ombudsman Service's limit of £415,000 in cases where scam victim complaints are escalated.

The APP Reimbursement Rule enters into effect on 7th October.

✅ Plenitude’s Fraud Practice can help you navigate this changing landscape. Prompt action and a strategic plan are key to ensuring your fraud risk management remains resilient, minimizes losses, and costs, and meets regulatory expectations. [https://www.plenitudeconsulting.com/services/fraud-practice](https://www.plenitudeconsulting.com/services/fraud-practice)

[View full post](https://www.plenitudeconsulting.com/news-insights/maximum-refund-for-victims-of-app-scams-confirmed)

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