Five cost of living scams could empty bank accounts, warn finance experts

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These scams could clear your savings and bank accounts.

As the cost of living crisis continues its chokehold on the UK population, scam artists are getting better at fleecing people out of money.

“The best advice we can give is if the offer seems too good to be true, it usually is. To check an offer’s authenticity, close down the application whether it be a call or a text and access the relevant account on a different device. If your offer is valid, the customer service team at the relevant company will be able to verify this or confirm if it’s a scam.”

They are requesting people to apply for a £400 rebate on their bills. Victims would be scammed by clicking the link, and entering their bank details. The scammer was then given access to her account through a security code she was provided, and could have fleeced her out of £1,049. Thankfully, O2 blocked the scammer from the account.

£300 Royal Mail scam Some scam artists are posing as delivery companies now, and requesting additional costs for delivering items.

 

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