MMD: Can I keep grandma's cashback?

Pun

Clearly a query from a troll hoping to generate lots of huffing and puffing....seems to have worked. Maybe just stop responding to this sort of daft non-dilemma?

System

Im sure the bank account being in your name and you controlling her money is called Financial abuse

Ashen

I'd rather like someone to call into Martin Lewis' 5Live show and pose this question to him...

Robisere

Nuncle wrote: »

I don't understand why most people in this thread seem so against the question. Fictitious or not, in this situation the asker is not robbing her grandmother. Grandma is not able or willing to generate interest and cashback on her own finances. Granddaughter is. If she does this and keeps the interest and cashback, Grandma is no worse off, and still benefits from Granddaughter being there to help with any admin or whatever. I think it would be pretty cold to just keep it all and not tell Grandma. I think you share it out. And I think a shared bank account would be more appropriate for this arrangement.

I know that my own granddaughter would never, ever do anything so reprehensible, immoral and illegal. In fact, over the last two days she has stayed overnight to look after grandma whilst I was in hospital. She knows that we would give her any financial help needed. The difference is that she would never ask.

In common with others here, I cannot believe this is a real-life scenario.

SisterBean

lexiLD wrote: »

Check the definition of Fraud by Abuse of Position under the Fraud Act 2006 and see if you can figure it out...This isn’t a moral dilemma, it is an illegal act (profiting off someone’s money whilst in a position of trust and not telling them about it - akin to keeping the interest of an account. As a family member taking care of someone else’s finances you are in a position of trust, for clarification).

Safest bet is to try to explain cash back to Grandma. Most Grandmas would then usually offer to give you it or at least share it. However take the account out of your name.... you’re leaving yourself open to all kinds of trouble.

Be aware that taking money that belongs to your Grandmother (certainly this would include the interest received) would likely also be financial abuse of a vulnerable adult and could be referred to your local safeguarding board. This step could be taken by other friends or family or by professionals involved in the care of your grandmother in order to ensure that finances are arranged in your Grandmothers best interests. Imagine yourself as an elderly person who may no longer be able to handle her own finances and consider how you would want to be treated.

JayD

I think MSE are scraping the barrel if this is the best Moral Money Dilemma than can publish!

Stop taking money from your Granny!
It is HER money that is earning the interest and the cashback - not yours!

Get it?

JayD

John_Gray wrote: »

Next week's 'dilemma':
"My grandma is very old, is often in pain, and has lots of money.
Is it OK for me to change her will so that I will inherit it all, and to put an end to all her misery so that I will get it more quickly?"

Yep - that is where these dilemmas are heading ...

Tammykitty

I am taking a slightly different stance on this


I think granny used to give grandchild money for the electric bill etc, and the grandchild would go to the post office or wherever and pay the bills.


Now Grandchild has moved all the bills so they are paid by direct debit from his account (and probably saved granny money), and Granny still gives him the money to pay the bills (either in cash or by bank transfer or whatever).


I am also guessing that it is a Santander 1,2,3 account so the grandchild is getting cashback on the paying of the utilities bills as well as small amounts on interest on the small balance.


I am guessing the amounts are very small.


Grandma has probably agreed and willing gives the grandchild the correct amount of money to pay the bill.

Pollycat

I think granny used to give grandchild money for the electric bill etc, and the grandchild would go to the post office or wherever

What leads you to think this?

Grandma has probably agreed and willing gives the grandchild the correct amount of money to pay the bill.

Why would anybody contact the MSE team with a 'MMD' worded like this one if Grandma had agreed?

tastyfish

No matter what the dilemma is, having to scroll/plough through the inevitable 'are these real' type posts is just tiresome. Do these sad people who feel the need to share this lead incredibly sad, boring and pathetic lives?

Yes, most probably. Seriously, bore off, nobody wants to know if you think these dilemmas are real or not. Just ignore it. Or answer the question. The dilemma isn't anything to do with whether you think these are real or not. Leave it. Make a cup of tea. Just don't post it here. It's boring. Don't be that sad guy/gal.

*sighs*