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PPI repayment but told bank will charge unless I have life insurance

Hi I've had a call about a ppi repayment the cheque will be sent in the post in 2/3 days but he said the bank will charge to put the cheque in so my payment will go from over £1000 to £200/£300 unless I have life insurance. I've given no details of my bank details only address and dob. I have alarm bells ringing but I have used a company to check my ppi. I can't call the number back either

Comments

  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper Photogenic
    It's a scam.
    Ignore any such calls and certainly don't ever attempt to return calls.
  • dunstonh
    dunstonh Posts: 120,273 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    That is a known scam.

    A variation of advance fee fraud. If you can find out the name of the company, you should report it.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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