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How the ABA Safe and Savvy guide can help

Developed by the Australian Banking Association (ABA), the safe and savvy guide has been created to help you detect potential elder financial abuse, scams and fraud for both you and your loved ones.

The guide will help you understand:

  • What elder financial abuse is, and why you need to be aware of it.
  • How to recognise the types and signs of elder financial abuse.
  • How to protect you and your loved ones against potential abuse both now and in the future.

The ABA Safe & Savvy guide (PDF 5.8MB)

Who should read the ABA Safe and Savvy guide?

If you’re older than 50, or you have a loved one over the age of 50 then this guide is for you.

The more you understand about elder financial abuse, the more likely you, your family and friends will be able to identify and act to prevent it.

If you think you’re being financially abused, or have had fraud on your NAB card or account, then head to our fraud and scams page to find out what to do, and who to contact.

Setting up a Power of Attorney with NAB

Setting up a Power of Attorney could help you manage your finances by choosing someone you trust, to act in your best interests.

Be aware, it can also be abused by an attorney to take your assets for themselves or for others. The ABA Safe n Savvy Guide explains Power of Attorney.

You can learn about how to set one up with NAB by referring to the information pack here.

How older Australians can learn the online skills to stay safe

Online skills, knowledge and confidence are key for older Australians to protect their privacy, avoid scams and reduce social isolation that can foster elder abuse. Be Connected is an award-winning Australian government initiative that provides all of this – free of charge. The Be Connected website is a one-stop shop with more than 150 online learning modules and 350 learning activities. From setting strong passwords to communicating on social media and spotting scams – it is a powerful resource for older Australians to protect themselves. Visit www.beconnected.esafety.gov.au to find out more.

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