Elder Financial Exploitation

Protecting Our Elders: Stay Alert to Financial Exploitation

At Regent Bank, we are committed to safeguarding the financial well-being of all our customers, especially the elderly who are often vulnerable to financial exploitation. Recently, we have seen instances of Elder Financial Exploitation, a form of elder abuse that can result in significant financial loss. We believe in empowering you with knowledge to recognize and prevent such abuses.

Common Scams Targeting the Elderly:

1. Call Center/ Tech and Customer Support Fraud: Be cautious if someone claiming to be from the government or a tech company asks for remote access to your computer. They may seek online banking access or personal information.
2. Investment Scams: Watch out for offers to invest in dubious companies promising high returns.
3. Lottery/ Sweepstakes/ Inheritance Scams: If you’re told you’ve won something or are due an inheritance requiring upfront fees, it’s likely a scam.
4. Romance Scams: Be wary of online romantic partners who ask for money, especially if you haven’t met them in person.
5. Grandparent Scam: If someone calls claiming a grandchild or relative needs bail money, verify the story before sending funds.

Red Flags to Notice:

• Unusual activity differs from the normal banking habits.
• Cashing large, unexpected checks.
• Evasiveness when discussing financial matters.
• Sudden, unexplained wire transfers.
• Someone new speaking on behalf of an elder customer.
• Adding a new, unfamiliar person to their bank account.

Your financial security is our top priority. If you notice any suspicious activity or believe you or a loved one might be a victim of financial exploitation, please contact us immediately. Our dedicated team is here to assist you.

Together, we can create a safer banking environment for everyone.

If you have any concerns or questions, please do not hesitate to reach out to us.