Your phone rings, and the caller says your bank account is under attack.To protect your savings, you must move the money right now.
The caller sounds calm.The instructions feel official.
However, the "safe account" belongs to a scammer.That pressure can turn years of savings into an irreversible transfer.
Georgia now gives some banks and credit unions another chance to interrupt the payment before the money leaves.House Bill 945 took effect July 1, 2026.The law lets financial institutions pause certain transactions when they reasonably suspect financial exploitation.
It protects adults age 65 or older.It also covers adults with qualifying physical or mental incapacities, Alzheimer's disease or dementia.
The idea sounds simple.Yet the details matter because your bank's power may depend on your state, your account and the institution's own policy.YOUR FAMILY COULD BE ONE PHONE CALL FROM A BANK SCAMFree live CyberGuy class: Sick of Spam? Join us July 22.Join us Wednesday, July 22, at 1 PM ET for a free CyberGuy Live class that will help you cut down on robocalls, spam texts, junk email and other unwanted messages.
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You’ll also receive our spam-stopping checklist, and every registrant will get a link to the class recording afterward.Reserve your free spot today at CyberGuyLive.com.Georgia’s new bank scam law lets financial institutions pause certain suspicious transactions involving older or vulnerable adults.(Getty)Under Georgia's law, a financial institution may place a hold on a transaction linked to suspected exploitation.
The law can cover an eligible adult's account or an account where that adult is a beneficiary.It can also reach an account belonging to someone suspected of carrying out the exploitation.
That last provision gives the la...