My 90 year old mom continues to fall for these fake sweepstakes scammers; despite the money she has lost, she still has hope she will win and get a new car and millions of dollars. I am now her financial guardian, so she has no more credit cards or checks. I transfer a small amount of money to her checking account that is jointly owned with me. Last week, she went into the bank and presented her driver's license and the account number of the guardianship bank account and the teller let her take out $1,000 cash! She is not supposed to have access to the funds in that account. The corporate office of Bank of America said she CAN access that money; Then, what is the point of a guardianship account, if I cannot protect her from giving money to the scammers..
--Very frustrated in Maryland
Kudos to you for being willing to be your mom's guardian, which entails a lot of responsibility and work that may not be fully understood or appreciated by your siblings. Best wishes to you and your mom on this new journey.
Neither is OK, but a heckuva lot of difference there.
I hope others weigh in on this. It's a constant concern for me with my mother as she still believes that PCH is going to make her rich. She's the only person I know who still gets a paper 'invoice' from PCH every month.
And she orders crap from them and KEEPS all the envelopes and inserts.
Sounds like you have done all you can do--but seems like BOA should be a lot more responsible in allowing at risk elders to draw down accts like that.