With the rising cost of fraudulent checks in the business and personal sector, know that you do not have to be a victim of this crime. There are many security features in place to combat this crime. Check fraud prevention is possible if you use these safeguards each time you use or issue checks.
One tip that both businesses and consumers can do to prevent this problem is to secure their financial documents under lock and key and limit access to them to one or two people. When you limit access to the checks, this can reduce the possibility of having checks come up missing or being copied by other sophisticated means such as with computer technology. If a defrauder can get checks from you they can copy them over and over again with different information leaving you liable for the money stolen from your accounts.
If you are a business or even a consumer, never use rubber stamps to endorse your checks. This gives criminals easier access to authorize the document with your exact signature. It also prevents you from proving that your document was stolen and your rubber stamp used fraudulently.
Mailing checks can also prove to be challenging as criminals will follow you to the mailbox and retrieve the checks from the mailbox. They also follow mail carriers and steal mail hoping that checks are contained within them. The best method is to mail your checks inside the post office where the mail receptacle is more secure and can be better monitored.
Always reconcile your checkbook at the end of the month to detect any fraudulent activity. This will be your first alert that something is wrong with your account or you may discover checks missing in sequence. Never write your checks out of sequence of numbers because it is easier to detect fraud if they are used in order.
For businesses and retailers that cash checks, you should look at the check carefully to detect any unusual markings or misprints. Often criminals will wash checks in certain chemicals in order to write in their information so look for any color discrepancies. Also look at the routing and account numbers along with the check number. All these numbers should match. The MICR numbers on the bottom should be dull in color as it is magnetic ink and criminals cannot easily duplicate magnetic numbers. Shiny MICR numbers are a sign of a counterfeit check.
Ordering checks from a reliable source is also a good measure to take against check fraud. When you order them, there should be options for security checks that include water marks and other symbols that criminals cannot easily duplicate. This helps to safeguard your accounts.
These tips should help you to combat crimes against your accounts and give you some peace of mind. There are many other methods to help you and these are only a few of them. If you want further information you should do your research on how to prevent this crime and get more methods to use to secure your financial documents in the future.
One tip that both businesses and consumers can do to prevent this problem is to secure their financial documents under lock and key and limit access to them to one or two people. When you limit access to the checks, this can reduce the possibility of having checks come up missing or being copied by other sophisticated means such as with computer technology. If a defrauder can get checks from you they can copy them over and over again with different information leaving you liable for the money stolen from your accounts.
If you are a business or even a consumer, never use rubber stamps to endorse your checks. This gives criminals easier access to authorize the document with your exact signature. It also prevents you from proving that your document was stolen and your rubber stamp used fraudulently.
Mailing checks can also prove to be challenging as criminals will follow you to the mailbox and retrieve the checks from the mailbox. They also follow mail carriers and steal mail hoping that checks are contained within them. The best method is to mail your checks inside the post office where the mail receptacle is more secure and can be better monitored.
Always reconcile your checkbook at the end of the month to detect any fraudulent activity. This will be your first alert that something is wrong with your account or you may discover checks missing in sequence. Never write your checks out of sequence of numbers because it is easier to detect fraud if they are used in order.
For businesses and retailers that cash checks, you should look at the check carefully to detect any unusual markings or misprints. Often criminals will wash checks in certain chemicals in order to write in their information so look for any color discrepancies. Also look at the routing and account numbers along with the check number. All these numbers should match. The MICR numbers on the bottom should be dull in color as it is magnetic ink and criminals cannot easily duplicate magnetic numbers. Shiny MICR numbers are a sign of a counterfeit check.
Ordering checks from a reliable source is also a good measure to take against check fraud. When you order them, there should be options for security checks that include water marks and other symbols that criminals cannot easily duplicate. This helps to safeguard your accounts.
These tips should help you to combat crimes against your accounts and give you some peace of mind. There are many other methods to help you and these are only a few of them. If you want further information you should do your research on how to prevent this crime and get more methods to use to secure your financial documents in the future.
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Find an overview of the benefits of using a check fraud prevention tool and more info about a great tool at http://ebankdiscovery.com/check-fraud/software-features today.
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