While digital payment options continue to grow, many people still rely on paper checks to pay bills or send payments. Unfortunately, fraudsters continue to target mailed checks, making it important to take a few extra precautions when sending payments through the mail.

By staying informed and following a few simple best practices, you can help keep your accounts and personal information secure.

How Mail Theft and Check Fraud Happens.

One type of fraud we’re seeing more frequently involves checks that are stolen from the mail before they reach their intended recipient.

In some cases, fraudsters use a process known as check washing, where they remove the original information on the check and rewrite it for a different amount or payee. In other cases, they simply alter the name of the person or business receiving the payment before attempting to cash or deposit the check.

While these situations can be concerning, taking a few preventive steps can help reduce your risk.

Tips to Help Protect Your Checks.

If you choose to mail a check, consider these best practices:

• Use a gel pen when writing checks, as the ink is more difficult to alter.
• Mail checks from a secure location, such as an interior collection box or inside your local post office, rather than leaving them in an unsecured mailbox.
• Review your accounts regularly to ensure checks clear for the correct amount and are made payable to the intended recipient.
• Report suspicious activity immediately if you notice an unfamiliar transaction or a check that has been altered.

Consider Digital Payment Options.

Whenever possible, digital payment methods can provide an added layer of convenience and security. Depending on who you’re paying, you may consider using:

• Online bill payments through your financial institution.
• ACH (Automated Clearing House) payments.
• Debit card payments.
• Secure digital payment or money transfer services when paying an individual.

These options can help reduce the need to mail paper checks while offering convenient ways to manage your payments.

We’re Here to Help.

If you notice suspicious activity on your account or believe one of your checks has been altered, contact Northern Credit Union as soon as possible. Acting quickly allows us to help protect your account and guide you through the next steps.

For additional information and tips on protecting yourself from mail theft and check fraud, visit the Financial Industry Regulatory Authority’s resource:
https://www.finra.org/investors/insights/mail-theft-check-fraud

Staying aware of common fraud trends and taking a few simple precautions can go a long way toward protecting your finances. Whether you choose to pay by check or digitally, making security part of your routine helps keep your money where it belongs.