QR Code Scams and Bank Account Access
A young disabled man was denied access to a high interest savings account by his bank. The number of reported scams involving QR codes nearly quadruples in less than three years.
The number of reported scams involving QR codes has nearly quadrupled in less than three years according to figures seen by Money Box. The data was revealed by City of London Police and gathered from reports made to Action Fraud. The Charted Institute of Trading Standards is warning those reports are likely to be just the tip of the iceberg. We'll hear the story of one woman who was scammed after using a QR code in a car park.
The government's cost of living support payments to help people on low incomes cope with rising bills have not been enough to meet the scale of the problem. That's the warning from Parliament's Work and Pensions Committee which this week called on the government to consider widening the eligibility for future payments. The Department for Work and Pensions says the payments have provided a significant financial boost to millions of households and are just one part of the record Β£94 billion support package - which includes a 10.1% rise to benefits earlier this year and a more than Β£2 billion Household Support Fund to help with the cost of household essentials.
A young disabled man was denied access to a high interest savings account - after his parents, who have a court order to deal with his finances, tried to open the account. How common is this and what can you do?
And what can you expect from the Autumn Statement?
Presenter: Paul Lewis
Reporters: Joanna Morris and Jo Krasner
Producer: Dan Whitworth
Researcher: Sandra Hardial
Editor: Jess Quayle
(First broadcast 12pm, Saturday 18th November 2023)
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- Sat 18 Nov 2023 12:04Βι¶ΉΤΌΕΔ Radio 4
- Sun 19 Nov 2023 21:00Βι¶ΉΤΌΕΔ Radio 4
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Money Box
The latest news from the world of personal finance