Check Fraud
settingsHow Criminals Are Stealing Checks and What to Watch For
Even with digital payments becoming common, checks are still widely used for bills, gifts, and other purchases. Unfortunately, criminals have noticed and check fraud is still a problem. Understanding the risks can help you protect your money.
How Check Fraud Happens
Check fraud occurs when someone steals or alters a check to access your account. Two common methods are mail theft and check washing.
Mail Theft: Criminals may steal checks from mailboxes. They can deposit them into another account, alter the payee or amount, or use the information to create counterfeit checks.
Check Washing: Scammers use chemicals to remove the ink from a legitimate check while keeping the signature intact, then rewrite it with a new payee or larger amount.
Warning Signs
Watch for:
- Checks clearing your account that you don’t recognize
- Missing checks from your checkbook
- Unexpected withdrawals or changes to check amounts
- Mail that appears tampered with or missing
If you notice any of these, contact us immediately.
Safer Ways to Send Payments
- Use secure postal collection boxes instead of leaving mail in your mailbox overnight
- Avoid mailing checks from home if possible
- Write checks in permanent ink
- Consider online bill pay or digital payments for added security
Monitor Your Accounts
Regularly reviewing your account activity and setting up alerts can help you spot suspicious activity early and prevent further issues.
Stay Alert
Checks are convenient, but it’s important to stay aware of the risks. By taking simple precautions and monitoring your accounts, you can protect your money from fraud.
If you notice anything unusual, contact us, our team is here to help.
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