View Only Account Feature. This account will provide “View Only” access to trusted contact persons (e.g. caregivers, care partners), provided upon request. Read or view only bank accounts with multiple party review and free check image review helps to protect older adults from financial fraud and abuse by allowing designated people to see their transactions, digitally, without giving them the authority over the funds. This ensures that someone is able to monitor the customer’s transactions and intervene as early as possible if unusual activity is detected, especially as some customers (including many seniors) may opt for mailed monthly statements. Read or view only bank accounts will also provide image copies of checks in the transaction history as a free service. This allows older adults to review which checks have posted and see their deposit slips after making a deposit.
Appears in 2 contracts
Sources: Community Benefits Agreement, Community Benefits Agreement