Bank Staff Who Stopped Family Theft Reveals 3 Warning Signs Every Senior Should Know
Key Points
- Elderly financial abuse often occurs within families, as sho...
Your sweet daughter asking for your bank account details might not be so sweet after all. Singapore's banks are discovering that when it comes to elderly financial abuse, the call is often coming from inside the house.
Last week at a POSB branch in Yishun, a daughter tried to access her father's savings account, claiming cognitive decline made her dad unfit to handle his own money. The plot twist? Bank staff noticed the old man looked about as comfortable as a cat at a dog show. They blocked the transaction, saving his modest nest egg from what appeared to be a family-sponsored withdrawal pla...
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