- Make sure you are using an American bank that is insured against theft by the Federal Deposit Insurance Corp. The insurance applies to any sum up to $250,000.
- Be vigilant about monitoring your transactions and respond to alerts from your bank if a charge or withdrawal appears to be suspicious.
- Never respond to emails from your bank or click on an attachment. Because of the fraud risk, banks are not using email to communicate more than a basic alert or a sales notice to their customers.
Kay H. Bransford is the best-selling author of MemoryBanc: Your Workbook for Organizing Life. She has appeared on The Dr. Oz Show and Huffington Post, in addition to many television and radio programs to educate families, caregivers, and retirees on why getting organized is important to the well-being of every adult. The MemoryBanc process helps maintain family harmony, preserve privacy, and streamline the management and settlement of affairs in the event of incapacity or death. The company Kay founded, MemoryBanc, received an “Older-Adult Focused Innovation” award from AARP Foundation and has helped thousands of families since its launch in 2013.
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