A 55-year-old woman has lost her job at a bank after allegedly setting up and moving money into fraudulent accounts.

According to Brantford Police, the woman was a longtime employee of a bank on Lynden Road.

Police allege that she created accounts under the names of five bank clients – unbeknownst to them – and then transferred money into those accounts.

The suspicious activity took place between October 2010 and November 2014, police said.

The woman, a Burford resident, is charged with fraud over $5,000.

Police say all five affected customers had their losses covered by the bank.