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To: Gaffer

I understand, but what I’m saying is that there needs to be a delay on the transfer of funds beyond, say, $500, unless the elderly bank customer can explain to, say, the bank branch manager what the withdrawal is for.

Regular checks would be hard to delay - Grandma might just be paying to have the roof repaired, but cash withdrawals for cashiers checks in amounts of many thousands of dollars are another matter...


19 posted on 11/29/2015 4:40:54 AM PST by Paul R.
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To: Paul R.

These aren’t limits on withdrawals; they are triggers to the email process, that’s all. This is a no-fault notification, that’s all. I’m saying that could be used by the family member to take action if needed.

I can, however, set a maximum daily limit on ATM withdrawals that will be allowed.

All I’m saying is that this would be better than nothing and it doesn’t cost anything nor require the doggone government to do anything. It’s time we as a collective citizenry stop relying on government for all things - the price to pay for that is too high IMO.


21 posted on 11/29/2015 4:45:57 AM PST by Gaffer
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