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Paper Checks Can Cost You Plenty
Source: Green Valley Sheriff Auxiliary Volunteer's Scam Squad, 9/5/23
www.scamsquadsav.org
Are you still using paper checks to pay bills? Or send money to a relative or friend? If so, you should stop right now. Check fraud is up nationwide, and letter carrier robberies are also up.
The big problem with using paper checks is if they’re stolen the thieves can change both the amount and the recipient’s name – to their own. If that happens you may get your money back by working with your bank, but that could take weeks.
To be safe you should look for alternative ways to send money. More and more companies today have set up online payment options. Use this method whenever possible. It’s safe, secure, and guaranteed to get to the right party.
If you need to send money to an individual, ask if they are set up through their banks to use Venmo or Zelle. If so you can send money directly to a cell phone number and not risk revealing account numbers.
Use your credit cards. You have a much better chance to recover credit card frauds than check frauds.
If you must send a check there are safer options than a letter in the mailbox. For USPS use a security envelope and mail it inside the building to avoid mailboxes. Got a big check for a special payment? Try using UPS or FedEx. They will provide a tracking number so you can follow the check’s journey online.
Lastly, if you suspect a theft call your bank right away. The longer you wait the less chance there is for recovering your money.
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