Warning issued about 'forgotten' £500 bills being drained from bank accounts

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Warning issued about 'forgotten' £500 bills being drained from bank accounts
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Many of us could be losing money every year without even noticing, Citizens Advice has warned.

People in the UK have been warned they could be paying out an average of £500 each year in 'forgotten' bills that they don't even know are coming out.

These services, which often remain unused, have cost Brits a staggering £688million over the last year. Meanwhile, one in four people believe they're making a one-off purchase only to find more money being taken out of their account later. She said: "Many people don't realise how much they're spending on subscriptions they don't use. A thorough review can reveal opportunities to cut costs and redirect those funds towards more important financial goals.

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