Acting fast is key—you only have a 24-hour window to return a fraudulent check.
We’ve seen a recent increase in check fraud targeting business accounts. To help you safeguard your business, we want to share some critical steps you can take to protect your funds.
The 24-Hour Rule: Your First Line of Defense
Once a check posts to your account, there’s a crucial 24-hour window to return it. If a fraudulent check isn’t caught within this timeframe, recovering your funds can be challenging. Early and consistent action is your best protection.
Recommended Actions to Protect Your Business
We strongly encourage you to take these simple steps to protect your accounts:
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Check your account daily. Look for any checks that have recently posted.
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Review check images. Go beyond just the amount. Make sure the payee’s name on the check image matches your records exactly.
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Report anything suspicious immediately. The sooner you act, the better your chances of preventing loss.
Your security is our top priority. We appreciate your attention to this important matter and thank you for your continued trust in BankFirst.
