Posted on 01/15/2022 8:09:36 AM PST by ChicagoConservative27
For transfers to or from a non-Chase bank account, you can move up to $100,000 each day between your accounts. (personal account)
Also ANY Chase account can be tagged to require a phone call authorization on a limit that you set.
wny wrote, “Those with no concerned relatives need the government.”
Uh...NO, no one ‘needs’ the dadgummed government. EVER.
My 86 yo mother-in-law lost ~$10,000 from her Chase account after a telephone scammer (pretending to be a Apple security representative) tricked her into providing information that allowed unauthorized access to the Chase account. Chase covered the loss. I doubt, however, if Chase would have covered the loss if my mother-in-law voluntarily initiated the wire transfers.
This is the kind of customer who needs a $600. transaction alert build into their account features. A good bank would do that for you on their own if this doesn’t fit your usual withdrawal amounts.
Whatever dude, I said I wasn’t going to to LA site. You don’t wanna answer, then whatever, don’t. I couldn’t care less.
When and where did i write that?
Yes. Of course we must let the banks decide how and where we can spend our money. We might make a mistake. < /s >
POTUS Plugs is the Poster Child for a good example of elderly.
But then, he has caring people taking care of his affairs. He is not able to spend a trillion dollars without their approval.
About a year ago my bank suspended my debit card when two suspicious overseas purchases were attempted against it. They followed up by issuing me a new card.
My wife and I are living with her 94-year-old father. He can no longer take care of himself and does not have the energy to make his own meals but he jealously guards his bank account and does not share his balance or checkbook with us.
He gets his Social Security direct deposited. He receives a pension check each month and, when he has two months’ checks, we drive him to the bank and he cashes them and keeps the money.
How exactly would we go about legally taking that control from him? Why would we? Thus far, he opens his bills arriving in the mail and writes checks for his utilities and taxes. This is very important to him that he retains this control.
My point here is the elderly have a right to buy what they want and they have a right to be reckless with their money. The elderly can leave and have left money to their household cats in their wills. A lot of elderly people blow money at casinos. Should their money be taken from them by their children before they gamble it away?
This article sounds like a daughter looking forward to a pile of money from her mother’s estate that she now cannot inherit.
I bet if I went through your checkbook I would find things I think you wasted YOUR money on. You could go through my checkbook and find things you believe I wasted my money on.
I see old guys driving expensive sports cars. I think it is a waste of money but THEY DON’T.
I know it sounds large to a lot of people…but these days someone wiring that much when they buy or sell a home is almost normal.
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Scammers who “follow” house closings to then trick the buyer into mortgage wire-fraud for the payment for the property is probably one of the most nefarious and tragic scams out there. Imagine being on the hook for a home loan for hundreds of thousands of dollars, but the actual payment for the home got diverted to a scammer.
Another friend said confidently, “I paid $500 to have a company scan and secure my network, so I’m good.”
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Arrrgghh! I hate these scammers that prey on the fears people have of technology.
I’ve tried to impress on my less technological family members to *never* call or contact a site that claims your computer has a problem. If they get a text message or email and they even think there is a remote possibility it is real, don’t click the link, but go instead directly to the website in question and see if the company posted a message.
My elderly parents are easy pickings for these scamsters. When they were younger, they wouldn't give so much as a nickel to anybody trying to sell them something unsolicited over the phone and would slam the door on even Girl Scouts selling cookies. Now the both of them will willingly speak to telemarketers and if somebody calls pretending to be the bank trying to fix a problem, they will willingly give their social security numbers and credit card information. They don't even give it a second thought. Drives my siblings and I crazy.
The latest scam going around is the "Publisher's Clearinghouse" scam in which elderly folks are told they just won a brand new car and all they have to do to have it delivered is run down to the WalMart and buy some gift cards in order to purportedly pay down a 1% tax on the car so that it could be delivered to them. My mother called all excited about the brand new Mercedes Benz she was just told she won and asked for a ride to Wal-Mart so she could get the necessary gift cards to claim her prize.
It took my wife about 15 minutes to talk her down from Cloud 9 and convince her that she was just scammed. Fortunately, she never bought those gift cards but that's exactly what she was hell bent on doing at first.
I hope that I do not become that way when I get older.
Yes Passalacqua to give the government control over anything over hundred dollars for seniors...
You’re certainly filled with smartitude today!
Show they also give over power of attorney to the government? Maybe we should all do that.
I suspect The Daughter is more concerned that she just missed out on $600,000 inheritance.
Otherwise she might have known what her mother was up to.
The CIA should get involved in stuff like this and track them down and kill them.
Stop doing business with companies that hate you.
If they suspect a scam the most they can do is put a 25 day hold on it. After that, we'll it's the clients money. Typical they call you if they suspect fraud, and call a trusted contact. Sometimes other agencies get involved, but in the end it's the client's choice.
I would also suspect that Jill Biden went the proper/prudent route and got Power of Attorney over Plugs prior to him being elected POTUS.
My name has been on my mom's bank accounts for awhile now and I power of attorney over All of her assets. She is in an assisted care facility now and I sold her house recently for 6 figures. The bank has strict instructions to let me know if any amount over $100 is withdrawn from the savings account.
Recently my sister and my mom called for an account balance and the bank wouldn't give it to them.
Possible scammer? it wasn't but the bank didn't know. This bank watches out for it's customers.
Probably depends on whether the recipient of the funds also has a Chase account and what income it generates.
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