You’ve spent a good portion of your life earning money and now you’re enjoying your savings. However, oftentimes, people may want to try and take advantage of your financial stability. Ensure you’re safe by following these important tips:
- Do not discuss your finances with strangers.
- Get to know your bank manager.
- Have a will drawn up and notarized by a lawyer who is sensitive to
seniors issues. - Arrange to have any incoming cheques such as your pension
cheques deposited directly into your bank account. - Keep your money in a bank or financial institution, not at home.
- If unable to do your own banking, entrust a relative or friend. Make
this person known to your bank manager/ lawyer/ relatives. - Have a person you trust review documents before you sign them.
- Do not give either your ATM card or password to anyone.
- Set cash withdrawal limits on your account.
- Be wary of anyone pressuring you to sell your house.
- Don’t commit yourself to purchases or charitable donations over the
phone. Ask the caller to mail you the information.
For more useful tips and advice, visit RCMP Misson @ mission.rcmp-grc.gc.ca/
