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Bank Protection

Are you taking measures to keep your estate safe from fraud? In this electronic age, when breaches of trust and fraud are easier than ever, it is especially necessary. You have to keep yourself well informed and know how to say no.

Seniors at Higher Risk

Would you know if someone you trust was misusing your money or property?

According to statistics, one out of ten seniors is a victim of financial abuse. If you sense something along these lines, there are ways to quickly put a stop to it and keep the damage to a minimum. Here are three good ways to protect yourself:

  • If you lend someone money, get an IOU.
  • Write up a will and a mandate in case of incapacity.
  • Establish a trust: It's the very best protection against fraud.

Outsmarting the Con Artists

On the Internet, on the phone and in business circles, con artists are often wolves in sheep's clothing. Be vigilant. Don’t take the bait! Follow these rules:

Anti-Fraud Behaviour
On the Internet Never ever give out personal information without verification. Con artists excel in the art of persuasion. Keep in mind that your financial institution would never ask you for personal information by e-mail. Never. No ifs, ands or buts.
On the phone Never give out personal information unless you know the caller or you, yourself, have made the call. Don’t trust great offers out of the blue! If it sounds too good to be true, it probably is. If the caller insists, hang up. Nobody can force you to give out information or make a commitment.
In general If you have even the slightest reason to believe that your personal information has been usurped, notify the proper authorities (bank, credit card issuer, supplier of public or other services). If it’s serious, call the police.
Personal Never lend your credit or debit card to anyone, never leave bank receipts lying around and never write down your PIN or any other password, even if using a code. Doing so could deprive you of compensation.
Do you think you may be a victim of fraud? Call us immediately at 514-252-1846 or 1-800-252-1846. Want to know all our security tips? Visit our Security section.

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