<prompt> Human: So I have a relative that has had a pretty rough financial history. They are in debt to various organizations and are asking me to setup up a savings account for them to use so as to keep that money safe.While I really do wish to help them out, Id like to know the risks involved here as I feel like its a bad idea fraud maybe?.This would basically be me opening an account in my name with a new bank and handing over the credentials.edit On a related note, does anyone have recommendations on what they could do on their own rather than going through me for a savings account?.edit  <response>: This would basically be me opening an account in my name with a new bank and handing over the credentials. Nope. Nope. nope. If its in only your name, you have full control. No exceptions. They can make deposits, but only you can check the balance and use it to make payments. You could have a joint account but whats the point? They can just have their own account. 