CBA banks to offer benefits to seniors during Older Americans Month

Consumer Bankers Association CBASeveral U.S. banks, as members of the Consumer Bankers Association, will offer a number of programs and benefits including financial education, free checking and volunteer events to seniors this month, which is recognized as Older Americans Month.

Citizens Bank offers a webpage of resources and tools to help senior citizens and their families manage finances. Bank of the West and Fifth Third Bank offer online resources to help prevent older and dependent adult financial fraud.

U.S. Bank currently offers a premium interest-bearing checking account, which includes free checks, money orders and travelers’ checks and a safe deposit box discount, with no monthly maintenance fees for account holders age 65 and older. Associated Bank offers a savings account for seniors age 55 and older with features such as no minimum balance, no monthly maintenance fees and free ATM access.

Capital One is developing a mixed occupancy housing unit in Washington, D.C., that provides adequate accessibility for low-income seniors, who share the 12-story building with moderate-income working families, and Wells Fargo has contributed support to housing organizations that rehabilitate homes for senior citizens.

Regions Financial invests in nonprofit groups that develop special-needs housing for the disabled, recovering addicts, senior citizens and the homeless.

“We are proud of our banks and their work on behalf of seniors during Older Americans Month as well as throughout the year,” CBA President Richard Hunt said. “Banks are an integral part of our nation’s communities and they recognize the importance of honoring senior citizens.”

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