It is important to be vigilant and review transactions on your accounts regularly. Many criminals use a legitimate check to create a counterfeit and pass it off for payment, often causing an overdraft. Frequent reviews of your bank statements can help detect unauthorized debits against your accounts before it is too late to dispute the occurrences. Report any discrepancies to your bank immediately.
The best and most efficient way to monitor your accounts is to use Internet banking and Positive Pay, one of our treasury management services that can eliminate fraud by validating details of issued checks with the actual checks presented to the bank for payment. These products are mainstays for many of our business customers because they provide peace of mind and take only a few minutes a day to ensure your accounts are safe. Contact your banker for more information.