Elder Financial Abuse | Regional Australia Bank

Elder Financial Abuse

How to protect yourself and loved ones from scams, fraud, and financial abuse.

What is Financial Elder Abuse

Elder financial abuse happens when someone takes advantage of an older person to gain access to their money, property, or assets. This can include misusing funds, pressuring someone to sign documents, or stealing valuables. It often occurs in situations where trust is involved, such as with family members, friends, or caregivers, but can also happen through scams and fraud.

Why it matters

Financial abuse can have serious consequences for older Australians, including loss of savings, increased debt, and emotional distress. It can also impact independence and quality of life. Understanding the risks and taking steps to prevent abuse is essential for protecting yourself or someone you care about.

What to look out for

Unexplained withdrawals or transfers from accounts

Sudden changes to wills, Power of Attorney, or other legal documents

Pressure to share banking details, PINs, or passwords

Isolation from trusted family or friends

Someone taking control of finances without consent

Visit the Security Hub

Our Security Hub is your go-to destination for staying informed about the latest threats. It offers practical tips, scam alerts, and easy-to-use tools that help you recognise and respond to risks with confidence.

Helpful resources