Tips to minimize check fraud

Check fraud is on the rise

Despite a 25% decline in check use, reports of check fraud have soared, doubling since 2021. Criminals are becoming increasingly sophisticated, devising new methods to steal your financial information and access your funds. Understanding their tactics and implementing these proactive measures is your first line of defense. 

What is check fraud? 

Criminals often steal checks from mailboxes and alter them to steal your money. A common alteration method is 'check washing,' where fraudsters use chemicals to erase the original written details on a check and then rewrite them, redirecting funds into their own accounts. 

Checks also create a point of vulnerability by revealing your personal information, such as your name, address, account number, and routing number. If criminals obtain this information from a check, they can: 

• Create counterfeit checks using modern printers and software. 

• Set up unauthorized electronic withdrawals or online payments. 

• Link your account to digital payment services without your permission. 

This makes every check you write a potential security risk, which is why digital payment methods are often safer alternatives.

How to protect yourself 

• Use secure mail options – Mail checks in locked mailboxes or at post office letter slots inside the building. 

• Write with permanent gel pens – They're harder to wash or alter. 

• Leave no blank spaces – Fill in all areas to prevent tampering. 

• Limit personal information – Keep memo lines brief and avoid unnecessary details. 

• Collect mail promptly – Don't leave it in your mailbox overnight. 

• Follow up with payees – Confirm they've received and deposited your check. 

• Review your checks – Regularly review your cleared checks via online banking or your banking app to ensure endorsements match the intended payee and amount. 

• Monitor account activity – Review statements and transaction history for unauthorized or suspicious activity. 

• Pause mail when traveling – Hold delivery if you're out of town. 
• Choose digital payments – Use online bill pay, Zelle, or other secure digital methods when possible. 

 Additional tips for businesses: 

• Coordinate with your post office – If you don't have weekend hours, arrange to hold weekend mail until the next business day. 

• Implement Payee positive pay – This service matches presented checks against your records, verifying payee, check number, and amount. 

Let’s recap 

Every check you write exposes personal information like your name, contact details, and bank account number. Use digital payment options whenever possible to keep your payments secure. When writing a check, follow the safety tips above to protect yourself.  

If you believe you are a victim of fraud, please contact local enforcement and your financial institution immediately. Simmons Bank customers can report fraud via phone at 866.246.2400 or visit their local branch to report the incident. 

This article is for educational purposes only and is not intended to be financial, investment, legal, or tax, advice. Always consult a qualified professional about your personal situation.