How Can You Protect Yourself?
If you're someone who prefers to pay by check, primarily via the mail, consider the following tips to protect yourself from this all-too-common scam:
- Avoid mailing checks when possible. Instead, drop checks off directly to the recipient, or pay online when available. If you must mail a check, take it directly to the post office.
- Retrieve your mail frequently. If you'll be on vacation and can't check the mailbox daily, consider holding your mail at the post office until you've returned.
- Always write your checks in dark, permanent ink. This tip complicates the washing process and will make the finished product less convincing at the bank.
- Always watch for checks to clear your account. Ensure that the funds withdrawn match the amount you wrote the check for, and view the image to ensure nothing was altered when possible.
- If you see discrepancies, contact your financial institution immediately. The sooner you identify the scam, the easier to identify the individual involved and get your funds returned.
For more information on common scams and how to avoid them, visit FSB's Security Center.
Security Center
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