A phishing scam posing as the University of Toronto is targeting students and asking them to pay fees, Toronto police say.

Police say some students have received emails appearing to be from the university, saying they have outstanding tuition fees that must be paid immediately by e-transfer or they will lose access to university services.

The Toronto Police Service's financial crimes unit is investigating the scam. Those who have already sent money should contact police and tell their bank, police said in a statement on Wednesday.

The unit "encourages students to remain vigilant, especially at the start of each academic term when fraudsters often target those making tuition and housing payments," police said in a news release Wednesday.

Universities will not request payment using perso

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