Signs of unauthorised and mistaken transactions

Signs of unauthorised and mistaken transactions


When checking through your transactions, you might come across a transaction that doesn’t look right. If this is the case, you should get into contact with your bank as soon as possible.

An unauthorised transaction: Money transferred from your account without your permission

A mistaken transaction: Paying the wrong person by using the wrong details

Here are the signs to look out for to identify unauthorised or mistaken transactions:

  • Persons or companies whose names you do not know
  • Cash withdrawal from a place you have never been
  • Transaction date you don’t recognise
  • Payment that has doubled up

But keep in mind:

  • Transactions can take days to show up – they are not always immediate
  • Name of a shop or restaurant might not match the bank statement (they may have a different trading name which you can verify online)
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If you believe the matters discussed above are relevant to your business, please contact Darren Smith of our office to discuss further.


Darren is a Chartered Accountant with extensive experience, including working in the big 4 and medium sized firms before becoming a partner of a city based firm in 2000.

He has gained much experience and has extensive knowledge in providing business and taxation advice, superannuation planning, negotiation of sales and acquisitions of businesses and property development. His client base covers a wide range of industry groups.

Darren works with business owners to grow their businesses and create personal wealth within and outside of their business.


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