HOW US BANKS TAKE ADVANTAGE SENIORS & THE DISABLED

10 OR 20 DAY OVERDRAFT POLICIES

These overdraft BANK policies are targeted because Seniors and the Disabled receive subsistence monthly. 

This intern sends every Senior and Disabled persons account to collections monthly if they are unable to balance their account beforehand. Extra FEES!

If you live MONTHLY “deposit to deposit” YOU are their target.

WE RECOMMEND YOU FIND A BANK WITH A MINIMUM OF 30 DAYS GRACE.

INTENTIONAL OR NOT, FALLING BY THE WAYSIDE ARE BANKS WITHOUT GREED! 

My newest campaign; take the TARGETS OFF Seniors and Disabled bank accounts in Hawaii.

ALOHA!

Here are ten potential ways in which some individuals or institutions could take advantage of seniors and the disabled:

1. High Fees: Banks may charge exorbitant fees for services, such as account maintenance, overdrafts, or wire transfers, which can disproportionately affect seniors and disabled individuals on fixed incomes.
2. Misleading Products: Offering complex financial products or investments without clear explanations, which can confuse seniors and the disabled who may not fully understand the risks involved.
3. Predatory Lending: Providing high-interest loans or credit products with unfavorable terms to individuals who may have limited financial literacy.
4. Identity Theft: Exploiting the vulnerability of seniors and disabled individuals by engaging in identity theft or fraud to access their financial accounts or personal information.
5. Coercion: Persuading seniors or disabled individuals to make financial decisions against their best interests through manipulation or undue influence.
6. Account Churning: Encouraging frequent buying and selling of investments in a client’s account to generate commissions for the bank, without considering the client’s long-term financial goals.
7. Inadequate Accessibility: Failing to provide proper accommodations or accessibility features in bank branches or on their websites for disabled individuals.
8. Unsolicited Financial Advice: Offering unsolicited and potentially inappropriate financial advice or services to seniors and disabled individuals, often for the benefit of the bank.
9. Reverse Mortgage Abuse: Encouraging seniors to take out reverse mortgages without fully explaining the long-term consequences or risks involved.
10. Forgery and Exploitation: Unauthorized use of a senior or disabled individual’s checks, credit cards, or accounts by someone they trust, such as a caregiver or family member.

It’s important to emphasize that the vast majority of banks and financial institutions prioritize ethical conduct and adhere to legal regulations designed to protect vulnerable populations like seniors and the disabled. If you or someone you know suspects any form of financial exploitation, it is crucial to report it to the appropriate authorities or seek legal advice. Additionally, consider involving trusted family members or advocates to help protect the interests of seniors and disabled individuals in financial matters. Receive help here…