Amboy Bank logoCelebrating 125 Years of Tradition
Security Center
In This Section

Safe Banking for Seniors



 

 

 

 

 

Seniors are a big part of our community, and at Amboy Bank, we offer services specifically designed for Seniors.

Today, I want to warn seniors about a financial scam. This scam, commonly known as the "grandparent scam," is a form of financial abuse that deliberately targets older Americans.

To commit this crime, fraudsters call claiming to be a family member in serious trouble and in need of money immediately. Once the money is wired, the victim later finds out that it wasn’t their grandchild they were helping, it was a criminal.

Here are a few things you can do to protect yourself against this type of fraud:

  • Confirm the caller. Verify the caller by calling them back on a known number or consult a trusted family member before acting on any request.
  • Don’t be afraid to ask questions. The more questions you ask, the more inclined they will be to ditch the scam if they suspect you’re on to them.
  • Never give personal information to anyone over the phone unless you initiated the call and the other party is trusted.
  • Never rush into a financial decision and trust your instincts. Don’t be fooled—if something doesn’t feel right, it may not be right. Feel free to say no and get more information before you send money to someone.

 

Together we can prevent fraud to protect your money. Your Amboy Banker is always available to help.

All the best,

George E. Scharpf

President & CEO


Learn how you can stay safe:

 

Norton Secured: Powered by Verisign FDIC Equal Housing Lender