BBB Business Tip: Protect Yourself from ‘Check Washing’

You send a check in the mail as payment for a service or product. However, a few days or weeks later, you are contacted by the company you paid. They say they never received a payment. Then, you discover the check you sent has been cashed, either for the amount you wrote it for or for a much higher amount. What happened?

Check use may be declining, but check fraud is still a serious problem. Watch out for this scam, dubbed “check washing,” which involves stealing checks from mailboxes and then altering them. Fortunately, you can do a few things to protect yourself and your business.

The Better Business Bureau (BBB) team has several tips on how to avoid becoming the victim of a check washing scheme. Read them all here.

Be the first to comment

Leave a Reply

Your email address will not be published.