Opening a bank account with limited documentation and navigating the complexity of different banking systems has been challenging for numerous survivors and their support workers. However, this needn’t be the case.
Following the creation of the FAST Survivor Inclusion Initiative, there are now increasing numbers of banks across the U.K., U.S. and Canada working closely with survivor support organisations to improve access for survivors.
As a survivor support organisation, here are some practical steps you can take to support the survivors you are working with to open an account:
Following severe trauma, survivors may exhibit a victimhood mindset and may have a negative outlook on money, and trustworthy people, as a result of previous exploitation.
Before referring survivors to open a bank account, it is important for survivor support organisations to take an assessment of their client’s current mindset and where they are in their journey of recovery. This helps to make sure that an individual is ready to take on the responsibility to manage their finances independently, without putting themselves at greater risk of exploitation.
We are looking to work with survivors and survivor support organisations to develop a tool which will help to assess whether survivors are exhibiting a victimhood mindset and at what stage they would be ready to start the account opening process. If you would like to learn more or get involved in the development of our pilot project, please contact us.