Did you know that older Americans lose $2.9 billion each year to fraud?
Our bank is participating in the American Bankers Association Foundation’s Safe Banking for Seniors campaign in a nationwide effort to help older customers and their financial caregivers understand the risks of fraud and financial abuse and how to protect themselves and their loved ones.
Financial abuse against older Americans can take many forms, from illegal debits, to third-party scams and even unauthorized withdrawals by an approved caregiver. And with the share of the U.S. population 60 years and over projected to reach 30 percent by 2025, the opportunities to take advantage of these at-risk bank customers become more prevalent—by the minute.
Join us in our pledge to empower customers and communities with the facts, tools and best practices they need to bank more securely. Together, we can help eliminate the almost $2.9 billion lost annually to fraud against older Americans.
Senior Fraud Workshops
As a community service, F&M Bank provides free personalized presentations to small groups of seniors in our local area. Workshops review local and national scams and include tools and resource sheets for future reference. To setup a workshop for a senior in your life, contact F&M Bank at (540) 896-1741 or email us at firstname.lastname@example.org.
Downloadable Resources for Seniors
5 Ways to Spot a Lottery Scam
Don’t Fall Victim to the Grandparent Scam
14 Red Flags for Elder Financial Abuse
7 Tips to Help Older Adults Choose the Right Caregiver