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Are there bank accounts that have a person watching every transaction and can call you to ask why you went to a Bitcoin ATM? A bank account an elderly person wi
by acover 2y ago
Are there bank accounts that have a person watching every transaction and can call you to ask why you went to a Bitcoin ATM? A bank account an elderly person with dementia could use?
- graemep 2y agoIf you have a few million in liquid assets than a private bank might do that. Some do (or used to) manual daily reviews of balances and manual sweeps to interest bearing accounts so its not inconceivable. For anything less, its too much work.
- nytesky 2y agoYou setup a trust, and you run a main account with automatic transfer to their spending account for day to day.
- bradley13 2y agoI know someone who, due to ADHD, has trouble paying their bills on time, and managing their money. They found a legal service that handles their basic finances, and gives them their budget for shopping, fun-money, etc.. The service is surprisingly reasonable, something well under $100/month. While not quite what you asked, a service like this would at least provide an additional barrier, before someone hands over their net worth to a scammer. The next step after that, often used for elderly people, involves a full power of attorney: someone else is completely responsible for their finances, and hands them either cash or a debit card with a small amount of money that they can use however they want. But that is for extreme cases.
- javajosh 2y agoSounds like a great service. What is their name?
- bradley13 2y agoProbably not applicable to you, it's just a small legal/financial/tax services office here in Switzerland. Not sure how he found them - maybe they did his taxes, and he asked?
- 5040 2y agoThis sort of service can be useful for gambling addicts too.
- t_mann 2y agoSounds like a service that in itself requires a lot of careful checking and trust, which kind of defeats the purpose. If someone offered me such a service, I'd probably assume that it was a scam. Things like 'Regulated by FINMA' may mean less than you might assume.
- dcow 2y agoThe thing with a Pig Butchering scam is it’s not the drive-by gift-card/bitcoin Kitboga variety you’re thinking of. Asian organized crime groups build entire fake trading platforms and convince otherwise well adjusted healthy people to set up their own accounts and dabble with investing their own money. The platform is fake and the money is gone as soon as you move money to it. But you don’t know until you try to withdraw.
- bigbacaloa 2y ago[dead]
- kurthr 2y agoIf you're over 80 years old and don't do online banking, but are convinced by someone calling "from the FBI" that your account is in danger, Wells Fargo will happily try multiple times to transfer your life's savings to multiple different Bitcoin bank accounts (the first few closed for fraud and funds returned) over more than a week and several visits, then open a new credit card and transfer the maximum cash advance electronically as you read the newly issued password out to someone on the phone in their presence, and never mention there's a danger in doing this or question your decisions, until all your money is gone. How do I know? If you happen to have been a school teacher for 50 of those years, you keep excellent hand written notes of the events, that make your relatives sick to their stomachs.
- suzzer99 2y agoWells Fargo really is rotten to the core. The other banks at least make cursory efforts to prevent this stuff.