How to protect your assets from your own bank and bank of ogres
You don’t have to be a bank teller to lose money.
But you do have to know how to protect yourself.
What to look for:Bank tellers are your best bet for avoiding losses, says Scott Wilson, a certified financial planner and the author of “Never Bet the Farm: A Guide to Avoiding Bankruptcy.”
They are trained in banking and financial literacy, and are equipped to handle large amounts of customer calls and money transfers.
“When you’re dealing with a bank that’s your primary focus, it’s your best chance to recover any losses,” Wilson says.
“It’s important to understand your customer’s goals and needs.
If the customer wants to buy something, they’ll ask you if they can.
If they’re concerned about the health of their home, they’re not going to be able to afford the purchase.”
Bank tellers can also help protect your bank accounts from hackers, who can steal your PIN numbers or other sensitive information.
But they are often the least experienced of all the types of professionals you might encounter.
How to protect against a bank robber: “They may be trained to tell you what’s going on,” Wilson cautions.
“You can take that information and use it to protect a bank account.”
Why is a bank robbery a concern: Bank robbery is a common occurrence, and Wilson says that the federal government, as well as many state governments, have laws that are designed to protect consumers from financial losses.
Banks and other financial institutions have a number of tools available to them to prevent fraud, he says.
But Wilson recommends taking extra precautions.
He recommends making sure you have an automated phone or text-messaging system and that you have enough cash on hand.
And you might want to consider using an online security system to protect all your financial information.
The good news: The government has a number a laws that could help protect you from a bank robber, says Dan Farr, a senior attorney with the National Consumer Law Center.
Bank robbers can be arrested in a number for a variety of reasons, including being a bank employee, being a customer, being in possession of stolen money or having a bank card that’s stolen.
The government’s financial institutions are also subject to some of the same laws as businesses, he explains.
Bank robberies have become a bigger concern since the 2008 financial crisis, which has made them even more serious.
“Bank robberies are more common now than they were five years ago,” Farr says.
More:Bank robbers are increasingly targeting consumers who use their debit cards or other electronic payments to pay for things such as groceries and gas.
If you are a bank customer, it is important to follow up with your bank to make sure they are on the lookout for these types of scams.
And, if you are dealing with someone who is robbing your bank account, it can be helpful to make it clear to the bank that you’re concerned, Wilson says, “or to call your local police.”