As your trusted community bank, we understand the importance of protecting your hard-earned money. Unfortunately, check theft and check washing are very real dangers that you need to be aware of. Criminals can steal paper checks sent through the mail or even rob postal workers in search of checks. Once they have your check, they can use chemicals to erase or alter the information and deposit it to steal money from your account. Here’s what you need to know to avoid becoming a victim.
Protecting Yourself from Check Theft and Check Washing
One of the best ways to protect yourself is by using electronic payments, such as e-checks or ACH automatic payments, instead of paper checks. Marion Community Bank offers ACH Manager, which allows you to create and manage electronic payments easily. If you must use paper checks, use pens with indelible black ink and avoid leaving blank spaces in the payee or amount lines. Our Positive Pay service also helps detect check fraud by matching your issued checks against checks presented for payment.
It’s also important to follow up with charities and other businesses to ensure they received your check and to use online banking to review copies of your checks for any alterations. Our Business Online Banking with Bill Pay allows you to review your account activity and checks online at any time.
If you receive paid checks back from the bank, shred them instead of throwing them away. Our Merchant Capture Remote Check Deposit service allows you to deposit checks from your office using a scanner, reducing the risk of checks being lost or stolen in the mail.
The United States Postal Inspection Services recommends that you drop off mail in blue collection boxes before the last scheduled pickup time or at your local post office. Don't leave your mail in your mailbox overnight, and if you're going out of town, have the post office hold your mail or ask a trusted friend or neighbor to pick it up
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What to Do if You're a Victim
If you suspect that you've fallen victim to check theft or check washing, it's important to act quickly. File a report with us, the United States Postal Inspection Service, and your local police department.
Conclusion
Protecting your money from check theft and check washing is essential. By understanding the dangers and taking preventative measures, you can keep your finances safe and secure. Marion Community Bank offers a range of services, including Positive Pay, ACH Manager, Merchant Source Capture (Remote Check Deposits), and Business Online Banking with Bill Pay to help protect your hard-earned money. If you have any questions or concerns, please don't hesitate to contact us. Marion Community Bank is here to help you keep your finances safe and secure.
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