Your parents' life savings.
Guaranteed safe.

Not entirely. SilverTrust is a new FDIC-insured checking account your parent uses for everyday spending — groceries, bills, prescriptions. Their existing savings, investments, and other accounts stay exactly where they are. You set up automatic transfers from their current bank to fund the SilverTrust account, so money flows in seamlessly. Think of it as a protected spending account in front of their life savings.

You can set up recurring automatic transfers from any existing bank account, arrange direct deposit of Social Security or pension payments, or transfer funds manually anytime. Family members can also add funds directly. The account works like any checking account — money in, spending out — but with a safety layer in between.

They can. SilverTrust preserves your parent's independence — we don't lock them out of their own money. When a transaction is held, your parent receives a verification call. If they confirm it's intentional, the transaction goes through. The key difference: the hold creates a pause that breaks the urgency scammers rely on, and your family is notified either way. Most scams fall apart when they can't rush the victim.

Unlike identity theft insurance (which typically only reimburses expenses like legal fees and lost wages), SilverTrust covers actual financial losses from fraud that bypasses our control system. If a scam gets through despite our safeguards and your parent loses money from their SilverTrust account, we reimburse the lost funds — up to your plan's coverage limit. The guarantee covers unauthorized transactions and fraud that defeats the controls. It does not cover voluntary transfers your parent makes after being informed and choosing to proceed.

Yes. SilverTrust accounts are held at an FDIC-insured partner bank, insured up to $250,000. The fraud guarantee is separate, additional protection on top of standard FDIC deposit insurance — it covers losses from scams and fraud, not bank failure.

No. Your parent uses their SilverTrust debit card for everyday purchases just like any other card — the vast majority of transactions are approved instantly and invisibly. The controls only activate on transactions that match suspicious patterns: unusual amounts, flagged merchants, or wire transfers. Even then, your parent can approve the transaction with a quick verification call. Most families find it actually reduces tension because everyone has peace of mind without awkward conversations about money.

Fundamentally different. Monitoring services like LifeLock and EverSafe watch your accounts and alert you after suspicious activity occurs — by then, the money is often already gone. SilverTrust actively prevents fraud by holding suspicious transactions before they process. And our guarantee covers actual financial losses, not just the cost of cleaning up identity theft. We're the only product that combines real-time fraud prevention with a financial loss guarantee.

Great — SilverTrust works alongside existing financial relationships. We protect the everyday spending account; their advisor manages investments and wealth planning. Many financial advisors recommend SilverTrust because it protects client assets from fraud without requiring the advisor to monitor daily transactions. We also offer professional referral partnerships for advisors and elder law attorneys.