Financial or economic abuse doesn’t leave bruises, but its impact can be just as devastating. It’s a form of control that traps victims in abusive relationships, limiting their ability to leave and rebuild their lives.
In a disturbing trend, abusers are finding new ways to maintain control. As reported by the CBC, some are misusing e-transfers to harass or manipulate former partners—sending small amounts of money with threatening or coercive messages attached.Â
In British Columbia, financial abuse is recognized as a serious aspect of domestic abuse cases, often occurring alongside other forms of abuse, ranging from threats and intimidation to even physical abuse or sexual abuse.
What is Financial Abuse?
Financial abuse occurs when someone controls or restricts a victim’s access to money, making them financially dependent. It can also extend to limiting a victim’s ability to spend (or earn) their own money. It can occur in any abusive relationship—between domestic partners, or from one family member to another, sometimes in the context of a family business.
Unlike physical violence, financial abuse is harder to recognize. Many victims don’t realize they are being abused until they try to leave. The abusive partner may not raise a hand, but they wield financial control as both a threat and a weapon.
Common Signs of Financial Abuse
Being financially abused takes many forms. Some are obvious, others more subtle. A person may be experiencing financial abuse if they:
- They have no access to the family income. The abuser controls their bank accounts, often giving the victim an “allowance.”
- They are forced to sign over financial assets. This includes property, investments, or other financial documents under the abuser’s name.
- They are prevented from working. Some abusers sabotage employment opportunities to keep the victim financially reliant.
- They have their wages taken. The abuser may force the victim to deposit their paycheck into a joint bank account they cannot access.
- They are trapped in a cycle of debt. This can involve the abuser destroying the victim’s credit history or taking out loans in their name.
- They are left without basic needs. The victim may not have money for food, housing, or transportation because the abuser refuses to create joint accounts, pay bills, or provide support for other needs.
- They face financial consequences for leaving. Some abusers manipulate child support or misuse benefits to continue exerting power.
How Financial Abuse Traps Victims
For many victims, financial abuse is what keeps them in an abusive situation. Without financial support, the prospect of leaving seems impossible. Safe and affordable housing isn’t an option. Basic needs go unmet. Their credit scores may be ruined, making it hard to rent an apartment or secure a loan.
If a victim tries to assert financial independence, they may face physical harm or psychological abuse as punishment.
Financial abuse rarely happens in isolation; it is about power and control. It ensures the victim remains completely dependent on the abuser, unable to leave even when they want to.
What the Law Says About Financial Abuse in British Columbia
Financially abusive behaviour is often recognized in family violence cases. Courts take financial abuse seriously, especially during the divorce process or when determining child support.
If financial abuse is part of a larger pattern of domestic violence, legal action may be necessary. Those accused of financial abuse may face:
- Restraining orders that prevent them from accessing the victim’s financial information.
- Legal action for misusing joint finances or withholding money.
- Criminal charges if the abuse involves fraud, theft, or coercion.
If you are facing accusations of financial abuse, an experienced domestic violence lawyer can help you understand your rights and options.
