Reduce Check Fraud
Read the tips below for recommendations on reducing check fraud in your business.
What Can You Do?
- Implement Positive Pay. It's the most effective way to identify check fraud.
- Safeguard incoming and outgoing mail. If regular statements or bills fail to reach you, call the company to find out why. Put outgoing mail in a secure mailbox.
- Shred unwanted documents that contain sensitive information before disposing of them, including junk mail, financial solicitations, bank statements, paid checks, doctor bills and insurance documents.
- Reconcile monthly statements ASAP. Report questionable activity immediately to head off any additional fraud.
- Perform research before giving checks to any unfamiliar charities or organizations.
- Pay bills online to reduce your check volume in circulation.
- Keep your check stock locked up at all times. When checks are printed, every check should be accounted for, including voided, jammed and cancelled checks.
- Using your City National Visa Check Card to pay for purchases is quicker than writing checks and also reduces your check volume in circulation.
- Use gel pens that indicate they are designed to help prevent check fraud on the
label. Normal pens use pigments that dissolve in water, allowing for "check
- Never give your account number or other personal information to someone you do not know. Personal information obtained on the phone, over the
Internet, on e-mail or by other means can be used to create fraudulent checks and facilitate identity theft.
- Use enhanced check stock with embedded security features.
- Do not preprint personal information such as driver's license
number, social security number or phone number on your checks.
- Do not write the complete account number of a credit card on your check.