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BankSafe Safeguards Against Exploitation

BankSafe Safeguards Against Exploitation


BankSafe is an initiative that empowers financial institutions to protect consumers from financial exploitation and keep retirement savings safe. The average financial exploitation victim loses $120,000-almost the average amount of a 50 year old’s entire retirement savings. So it is not surprising that four out of five older consumers cite fighting exploitation as a motivator in choosing their financial institution. BankSafe has ignited a movement that mobilizes the financial services frontlines to protect Older Americans and their savings-before the money leaves the account.

Promising Practices

Resources

Research

Institutions Demonstrating BankSafe Principles

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If you are a financial institution who would like to join the fight, email us at: banksafe@aarp.org