Modern day banking and checking is very safe, nevertheless, there are a few things to be mindful about. Whenever money is concerned, there will be those operating from the dark side who desire to relieve you from your wealth. A few safeguards and observations can prevent the onset of financial pain cause by those with evil intent.
Bank check fraud has been the target of con artists and is a popular crime among criminally minded individuals. In ancient days the only means to defraud the unsuspecting was to use fraudulent weights and measures.
When a bank check is deposited, the bank will send it to a clearing house to ensure that funds are available to clear the check. When the bank gets word that the funds are available, they deposit that amount of money into the account of the individual who deposited the check.
The most common fraud is check forgery. The con artist will sign your check with a likeness of your signature and make it look like you are issuing the check. He/she then cashes it and disappears with the loot.
Another way check fraud is committed is when a check is hijacked from a mailbox or other seemingly secure location. The criminal then signs and cashes it using fake ID. After the check is cashed it is almost impossible to catch the thief. By putting you mail out in daylight hours instead of at night helps thwart a would be con artist.
The safeguard criteria for bank and checking security is the American National Standards Institute's (ANSI). One of the features is micro print that is exceedingly small and if photographed, will break up and be easily detected. Alterations and erasures smudge and also will be visible.
Thieves and con artists are technologically resourceful and may resort to gaining access to security print paper as well as a good printer. With a good graphics program a fraudster can copy check numbers and other features they want to fake.
Account numbers on the face of a check can be altered using a chemical agent such as acetone, brake fluid or other chemical. Alterations of recipient information is possible as well.
By taking time each month to look over your financial statements you'll prevent almost any chance of fraud. Simply looking over your order personal checks online statement is the fail-safe way to fraud protection.
Bank check fraud has been the target of con artists and is a popular crime among criminally minded individuals. In ancient days the only means to defraud the unsuspecting was to use fraudulent weights and measures.
When a bank check is deposited, the bank will send it to a clearing house to ensure that funds are available to clear the check. When the bank gets word that the funds are available, they deposit that amount of money into the account of the individual who deposited the check.
The most common fraud is check forgery. The con artist will sign your check with a likeness of your signature and make it look like you are issuing the check. He/she then cashes it and disappears with the loot.
Another way check fraud is committed is when a check is hijacked from a mailbox or other seemingly secure location. The criminal then signs and cashes it using fake ID. After the check is cashed it is almost impossible to catch the thief. By putting you mail out in daylight hours instead of at night helps thwart a would be con artist.
The safeguard criteria for bank and checking security is the American National Standards Institute's (ANSI). One of the features is micro print that is exceedingly small and if photographed, will break up and be easily detected. Alterations and erasures smudge and also will be visible.
Thieves and con artists are technologically resourceful and may resort to gaining access to security print paper as well as a good printer. With a good graphics program a fraudster can copy check numbers and other features they want to fake.
Account numbers on the face of a check can be altered using a chemical agent such as acetone, brake fluid or other chemical. Alterations of recipient information is possible as well.
By taking time each month to look over your financial statements you'll prevent almost any chance of fraud. Simply looking over your order personal checks online statement is the fail-safe way to fraud protection.
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