Martin Lewis has warned against a "twisted" Royal Mail scam which is stealing people's bank details.
The Money Saving Expert said that fraudsters are currently getting off "scot-free", telling people that they have to pay a delivery fee for their Royal Mail parcel.
They receive a message which reads: "Royal Mail: Your Package Has A £2.99 Shipping Fee, To Pay This Now Please Visit: uk-royal-mail-fees.com action will be taken if you do not pay this fee."
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Then, people click he link where they're asked to put in their bank details.
Another similar scam, being sent via text message scams read: "Your Royal Mail parcel is waiting for delivery. Please confirm the settlement of £2.99 (GDP) on the following link."
Speaking to The Guardian, Martin said: "The impact of fraud on victims is appalling.
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"As well as potentially being life-destroying financially, it has a huge impact on self-esteem and mental health."
He added: "The delivery one, that says pay a £2 or £3 charge, was twisted genius.
"So many people are expecting deliveries now. They swear a bit and just pay their delivery, and don't realise they've given away their bank details to a scammer."
While an online safety bill will be presented to parliament this week, in the Queen's speech, Martin Lewis added that he's confused as to why the scams aren't forcing companies like Facebook and Google to vet the adverts going out.
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"I just don't get why," Lewis said. "Why are they not doing it? There is an epidemic of scams in the UK. It's been exploding for the past three or four years, and it's been exacerbated due to the pandemic."
Royal Mail has warned customers of the scams doing the rounds, and is aware of the text message scam mentioned by Martin.
It has made clear that it will never ask for payment via text or email, and urged customers to be aware of this when using its service.
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The only way you'll ever be asked to pay additional charges is via a grey Fee To Pay card, which will be posted through your letter box.
Featured Image Credit: PA