Monitor Parents Bank Account Online For Security

Electronic banking services have become available nation wide. The computer allows a child to access a parents account information anytime, anywhere.

Senior parents do not always know when they are being scammed. When it happens, it is often by people the senior knows. Big checks being written for friends or acquaintances can be a red flag.

Protect your senior parents by requesting online access to monitor banking activity. Signing a parent up for online banking involves developing an access ID often sent by mail to the parents residence. A password is selected and can be altered periodically to insure security.

The password and access ID allow you to review the account activity. Once a month or so, take a look at the withdrawals from the bank account. Watch for money going to new places. Checks for newspaper or magazines when the senior has limited or no vision. Checks to insurance offices for duplicate types of coverage. Larger than normal checks written for charatable organizations. Checks for home remodel, or repair especially in rented dwellings.

Reviewing the account balance and viewing the tranasactions will help reduce loss with scams. Home Care Path coordinates elder home care assistants in south central Wisconsin www.homecarepath.com