Benefits claimants could face weekly bank account data checks to prevent fraud, saving £500 million in five years. Banks will run these checks, triggering red flags for fraud risk. Quotation by Nigel Holland.
- Weekly bank account data checks proposed for benefits claimants.
- Aim to reduce fraudulent benefit claims.
- Banks to identify red flags like savings over £16,000.
- Minister emphasizes fairness for taxpayers.
- Concerns over personal rights and privacy.
