Elder Abuse Prevention
BANK OF EDMONSON COUNTY PROMOTES ELDER ABUSE PREVENTION
Tips Customers Can Observe to Protect Themselves from Financial Abuse
In recognition of Elder Abuse Prevention, Bank of Edmonson County is promoting awareness of financial abuse of elderly customers.
The elderly are increasingly becoming targets for financial abuse. In the US, at least 1 in 9 Americans over the age of 60 has experienced some form of elder abuse. Sadly enough, most elder abuse victims are dependent on their abuser for basic needs.
Bank employees are frequently trained to notice when a customer is vulnerable or is currently a victim of financial abuse, by simply paying attention to red flags. The red flags can be invaluable when determining abuse—whether it is a bank employee noticing unusual recent withdrawals or a new person simply accompanying the older customers to the bank.
Customers can participate in protecting themselves from financial abuse by following these tips:
- Keep personal information private. Never share your social security number, account information, or personal details over the phone or internet, unless you initiated contact with a trusted source.
- Use direct deposit when available. Ask you banker for more information.
- Sign your own checks. Do not sign "blank checks" and allow another person to fill in the amount.
- Shred! Shred! Shred! Shred receipts, bank statements and unused credit card offers before throwing them away so fraudsters can't piece together your personal information.
- Do not leave money or valuables in plain view.
- Don't let a so-called "advisor" pressure you. Never let a new or untrusted "advisor" pressure you into sharing personal or financial details. They could be a fraudster.
- Check your credit report. Customers should check their credit report at least one a year to ensure no new credit cards or accounts have been opened by criminals in your name.
Being aware of warning signs and taking simple steps to safeguard personal information can mean the difference between being a victim and a fighter.
If you suspect elder abuse, you are legally required to report it. You can report abuse at the 24 hour toll free hotline 1-800-752-6200, calls can be made anonymously.
Kentucky Attorney General Senior Protection Program: 888-432-9257
For more information on elder abuse prevention, visit http://preventelderabuse.org