MBA Joins National Safe Banking For Seniors Campaign

Educational program from ABA Foundation prevents elder financial fraud

Safe Banking for SeniorsFinancial abuse against older Americans can take many forms, from illegal debits to third-party scams and even unauthorized withdrawals by an approved caregiver. With the share of the U.S. population 60 years and older projected to reach 30 percent by 2025, the opportunities to take advantage of these at-risk bank customers become more prevalent — by the minute.

The Missouri Bankers Association has joined the American Bankers Association Foundation’s Safe Banking for Seniors campaign. Through this campaign, MBA will mobilize bankers across Missouri to educate older Americans and their caregivers about elder financial abuse and how to prevent it. MBA encourages its members to register in this free program

Through ABA’s Foundation, bankers can use the program’s various resources, including event materials, lesson plans, media outreach tools and best practices, to help bolster their outreach to seniors and financial caregivers in their communities throughout the year. All materials are provided free of charge.