Toronto police are seeking a man and a woman in a fraud case involving hundreds of thousands of dollars.

Police say a woman went into a bank on June 29 and, using false identification, posed as a client to gain access to that person's account.

They say she then transferred $400,000 from there to another account.

Police say a few days later, a man went into another bank and used a fake ID to pose as a client.

It's alleged he accessed the account in which the money had been transferred and used the funds to buy a large quantity of gold.

Security camera images of the two have been posted on the Toronto police website.