Chase let an elderly customer wire more than $600,000 to an overseas scammer

[leftieNanner]

2. Chase might want to cut their losses

And write that woman a $600,000 check.

I took over my Dad's accounts when he couldn't manage them any more. We went into the Bank of America branch, waited for the manager to become available, and then he asked that I be put on all of his signature cards. In a few minutes, it was all taken care of. On our way out of the bank, Dad turned to me and asked "What did we come to the bank for?" Thank heavens he wasn't this confused when we sat at the manager's desk. I hope they would have refused to put me on the account.

If you have an elderly parent, especially if they are beginning to have some confusion, you might want to mildly intervene to add yourself to the account and possibly require your signature for any transactions above a certain amount.