Financial and economic abuse | Chelsea Building Society
Spotting the signs and getting support
Financial and economic abuse explained
Financial and economic abuse are forms of domestic violence. This type of abuse can happen when someone restricts your financial freedom. This could be a partner, family member, parent, carer or friend.
Examples of financial abuse could be if someone:
Insists their name is added to your bank or savings account
Stops you accessing your accounts
Insists you give them your salary or benefit payments
Runs up debts in your name, with or without your knowledge
Forces you to put all household bills in your name and/or refuses to contribute
Cashes your pension or cheques without your permission
Doesn't let you earn or spend money without their permission.
Examples of economic abuse could be if someone:
Stops you from going to work, college or university
Isolates you – doesn't allow you to access a phone, car, or other utilities
Doesn't allow you to buy pet food or access care for your pet
Forces you to go to the family courts so you have to pay legal fees
Makes work, education or training difficult, so you’re financially dependent on them
Damages possessions which you have to replace
Makes it harder for you to pay for food, transport or other essentials.
How we'll support you
We'll listen and make sure we understand your situation. Then, we’ll suggest ways we can help you get control of your accounts. These may include:
Opening a new account in your name only
Helping you to update your contact details, so any information is only sent to you
Adding extra passwords or limits to your accounts to give you extra peace of mind
Helping you choose a different way to manage your account
Giving you longer appointments, more time to make decisions and a private discussion room when you visit us in branch
Helping you stop any further debt in your name
Speaking to third parties on your behalf.
If you don’t feel that your money is at risk, but would like some additional support, please complete our request extra support form.
If you are worried your money is at risk, please let us know as soon as you can. You can ask for help at your local branch or give us a call. If you're registered for online services, you can also send us a secure message.
To help keep you safe, we'll never contact you directly when you ask us for support relating to financial and economic abuse.
If you’re affected by domestic abuse, there are organisations who can support. From helping you find a safe place to getting you the legal advice you need, there's so much practical assistance available.