Financial abuse

Financial abuse, also known as economic abuse, is a form of domestic and family violence.

• It often involves someone using money in ways that can hurt and control you
• Financial abuse can also include stopping you from getting a job or forcing you to get loans you don't want.
• Older people are known to experience this type of abuse at higher rates. It often includes theft or misuse of an older person’s money, assets or property.
• Financial abuse affects people of all ages, incomes, cultural backgrounds, genders and physical ability. It can also be hard to recognise, for example, they may use small money transfers to:
  • harass
  • threaten
  • send unwanted messages.
• You can learn about financial supports available by speaking to a 1800RESPECT counsellor.
• If you or someone you know is experiencing financial abuse, you can call 1800RESPECT on 1800 737 732, text 0458 737 732 or visit our website for online chat and video call services - Available 24/7.

• money decisions being made without your consent
• unwanted debts or loans forced upon you
• using banking transactions to intimidate, threaten or manipulate.

The 1800RESPECT Financial Abuse Support Toolkit

The 1800RESPECT website includes a Financial Abuse Toolkit. It explains:

• what financial abuse is and what it feels like
• the steps you can take when you are ready to reach out for help. 

It can be hard to know what steps you can take if you have experienced financial abuse. There are organisations you can turn to if you need help. You can start by visiting the 1800RESPECT Service Directory and searching our national database for services. 

• You can also contact your bank directly. All major banks and most smaller banks have services available that can help you. You can learn more here.
• The CommBank Next Chapter program offers free and confidential support and referrals no matter who you bank with.
• The Compass website has dedicated information and resources for older people experiencing financial abuse.