What is financial abuse?

Jasmine Shillington Updated by Jasmine Shillington

Financial Abuse Financial abuse is a serious form of domestic and family violence or elder abuse and often involves misusing or taking control of a partner’s or family members’ money, financial resources, property or assets, without their knowledge, consent or understanding.

Australian Military Bank has joined over 40 Australian businesses who now include protection from financial abuse in their terms and conditions as part of the Respect and Protect program. Respect and Protect is a public awareness campaign that aims to encourage all businesses to make it clear that financial abuse is unacceptable customer behaviour which may result in warnings, account suspension or closure. 

Australian Military Bank helps protect its members from harm by delivering services and products supported by systems that detect financial abuse and facilitate a response, clear and accessible terms and conditions that outline zero tolerance for financial abuse, and staff resources to assist those under duress or in need of additional support. 

To learn more visit Respect and Protect. If you or someone you know is experiencing financial or domestic abuse contact 1800RESPECT on 1800 737 732 or visit 1800respect.org.au. Their service is free, confidential and open 24 hours. 

If you are impacted by domestic or family violence and need support with your banking needs, please contact us on 1300 13 23 28 and we can work with you to provide support tailored to your situation.

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