Free video-based training classes, your bank is just a click away
Mobile banking use in the U.S. is on the rise, but its usage among older adults lags the rest of the population. According to a recent Federal Reserve Board report, only 18% of adults over 60 use mobile banking. The Consumer Federal Protection Bureau says seniors lost about $2.9 billion in 2013 as a result of financial scams.
Online banking has the power to transform the way older adults manage their money, protect themselves from fraud and make banking easier — from depositing checks and transferring money to loved ones, to automatically paying routine bills. The Money Coach®, Lynnette Khalfani-Cox, tells us – and our older loved ones – about the benefits of banking online, and how we can take free classes to become smarter financial consumers.
Lynnette Khalfani-Cox discusses:
- The landscape of online banking among older adults including banking scams that target older adults and how to prevent them from becoming targets
- The benefits and importance of online banking
- New, free classes in banking online, you can watch from any computer, tablet, or smartphone (www.readysetbank.org)
- Additionally, in partnership with local non-profit organizations, Capital One will provide Ready, Set, Bank classes in Boston, New York, Washington, Chicago and Los Angeles this fall.
About Lynnette Khalfani-Cox: Lynnette Khalfani-Cox, The Money Coach®, is a personal finance expert, television personality, and New York Times bestselling author. Her latest book series, College Secrets, focuses on paying for college without student loan debt. Lynnette’s next book, Bounce Back: The Ultimate Guide to Financial Resilience, will be published in 2017.
Lynnette is a former financial news journalist, who now teaches individuals nationwide how to better manage their finances. She has appeared on hundreds of national TV programs, including Oprah, The Talk, Dr. Oz, The Steve Harvey Show, Dr Phil, Good Morning America, and The Today Show. As the CEO of TheMoneyCoach.net LLC, a financial education company, Lynnette serves as spokesperson for the company; and sets the overall editorial direction for the company’s main consumer site, AskTheMoneyCoach.com, which offers 1,500+ free financial articles and video tips.
Lynnette was a Wall Street Journal reporter for CNBC, where she covered business and personal finance news. Lynnette spent nearly 10 years at Dow Jones & Co. Inc. working as a reporter, bureau chief, deputy managing editor and personal finance editor. She lives in northern New Jersey with her husband and business partner, Earl Cox, and their three children. When she isn’t busy at work, or staying on top of her kids’ grades, Lynnette can be found taking a much-needed travel break. Follow Lynnette on Twitter @themoneycoach or learn more about Lynnette at AskTheMoneyCoach.com.
Interview provided by Capital One Financial Corp.
