He said: “We’re now seeing a rise in cost of living SMS scams in relation to energy rebates, tax rebates, or overcharges of phone bills.
“Understandably, people want to recover money that they believe they are owed, so they enter their card details to allow the ‘refund’.
“This then makes them more exposed to the follow-up safe account scam. Cost of living scams are on the rise, and banks aren’t reacting quick enough to provide effective warnings to stop people falling victim.”
One scam Refundee commonly sees reported is the “safe account” scam, when a person is duped into thinking their money is at risk.