Protect Yourself From Check Fraud

5 easy steps

It's 10 o'clock. Do you know where your checks are-orare forgers making a fortune off you? Today's technology hasmade it easier than ever for crooks to commit check fraud. Morethan 1 million bad checks enter the banking system every day. Butyou can protect your business. Here's how:

  • Store your checks in a secure area.
  • Track check numbers so you'll notice missing checks.
  • Evaluate your check-issuing process, and conduct an audit todetect any risk areas.
  • Everyone hates to do it, but you must reconcile your bankstatements as soon as possible.
  • Add several security features to your checks. Your checksshould indicate that they're protected, and you should informyour bank of the security measures you've taken. If the bankpays a check that doesn't include your security features,you're not responsible for the loss.

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