This article examines the factors that contribute to the moment a romance fraud victimization becomes realized, drawing on 1015 reports submitted to Scamwatch, Australia’s online fraud reporting portal, during the period from July 2018 through July 2019. By analyzing the free-text narratives provided in each report, the study identifies five distinct trigger categories that recur across cases. The categories are further requests for money, particular characteristics of the communications, the verification checks attempted by the victim, actions taken by the offender, and instances in which a third party provides information or influence. Through this categorization, the research delineates a structured view of how romance fraud signals emerge within real-world reports. The five trigger categories collectively illuminate common pathways through which victims recognize and respond to romance fraud. Recurrent demands for funds reflect the financial bait that underpins many schemes. The descriptions of communications highlight specific patterns or features that distinguish fraudulent interactions from ordinary online contact. Verification-related steps underscore the attempts victims make to confirm information, while offender actions capture the strategic moves employed by perpetrators. Third-party communications point to external influences that can complicate discernment and delay realization. Together, these elements portray a sequence of cues and responses that help explain how, why, and when victims become aware of the deception. Policy implications drawn from these insights advocate for broader messaging strategies designed to bolster financial literacy and well-being, cyberliteracy and critical thinking, cybersecurity practices, and the promotion of respectful and healthy relationships. By integrating these areas into education and awareness initiatives, the aim is to enhance individuals’ ability to recognize romance fraud more effectively. The analysis further suggests that banks and other financial institutions occupy a pivotal role in disseminating these wider messages, using their platforms and networks to drive positive changes in recognition and prevention of romance fraud. In sum, the study argues for a multi-faceted educational approach that aligns consumer protection with broader literacy and behavioral guidance to reduce victimization risk.