Banking staff nationwide are being trained in how to spot signs of financial abuse
It follows research by the Banking and Payments Federation which found 22 per cent of women aged 18 to 34 do not have control over their financial affairs.
Women’s Aid will provide in-depth awareness training to frontline banking staff so they will be able to recognise key indicators of financial abuse.
Chief executive Sarah Benson says financial abuse is a lot more common than people realise:
“Often when people think about it what they think of is vulnerable older people maybe, you know, having their pension or their other income abused. But actually, financial abuse is an incredibly common and a remarkably effective tactic in domestic abuse relationships course and controlling relationships. What it means is reducing the financial independence and autonomy of somebody who is being coercively controlled.”