Long-Distance Caregivers Should Look Into On-Line Banking
I work with a lot of elderly here in Connecticut who have a child or children helping them out from far-off places like Florida and the west coast. In cases like these there is almost always a need for help with money management and that is where on-line banking becomes indispensable.
All of the major banks (and most of the not-so-major banks) offer on-line banking that can give you instant access to the current account balances, the ability to transfer funds between accounts, pay bills on-line and some banks even allow you to transfer funds from their bank to an account in a different institution. I'm a big fan of ING's Electric Orange Account, which is a completely paper-free, interest-bearing checking account where literally everything (including mailing paper checks) can be done on-line.
All of this technology makes long-distance care-giving and money management a lot easier than it used to be! If you're a caregiver in such a situation you may want to take a tour of the on-line offerings of mom and/or dad's bank and see if it makes sense for you.

