AARP BankSafe: Protection Against Financial Exploitation

The BankSafe Initiative helps financial institutions better meet consumers’ financial needs and safeguard their assets. The initiative focuses on four key areas:

Preventing financial exploitation
Empowering family caregivers
Helping those with dementia
Making banking tools and environments easier to access

With the average victim losing $120,000, prevention of financial exploitation is critical to AARP’s mission to empower people to choose how they live as they age. BankSafe meets this need by conducting research into consumer insights, facilitating partnerships between the aging network and financial institutions, and developing the innovative BankSafe training platform to help financial professionals identify and stop suspected exploitation.

Woman working at a bank talking to customers

An illustration of a computer with A A R P BankSafe on the screen

Check Out the BankSafe Training Platform

Explore AARP’s free financial exploitation prevention training platform for financial institutions

What Every Financial Institution Should Know

Learn what the 50+ want out of financial institutions and ways to protect consumers from exploitation

Illustration of a tool box full of tools

Access BankSafe Guides and Resources

Get tip sheets, checklists and other resources for financial institutions, employees and consumers

Apply for Verification from AARP

As part of the BankSafe program, financial institutions can apply to have AARP verify that at least 80% of their frontline staff successfully passed the BankSafe training and confirm that they have a financial-exploitation escalation or reporting policy. Qualifying banks and credit unions can apply to receive a seal from AARP, good for one-year, recognizing their commitment to fighting exploitation.