Do You Practice Safe Checks?
Posted On: May 29, 2025 by Prevail Bank in: Fraud
Despite the fact that check use has declined by 25%, reports of check fraud have soared. In fact, they’ve nearly doubled since 2021. If you’re using checks, please remember you’re exposing your personal information (name, contact information) and bank account info with each one you write. Criminals are becoming more sophisticated every day, finding new ways to steal your financial information and ultimately your money.
Criminals are known to...
Still Mailing Checks in 2023? – Think Again!
Posted On: July 18, 2023 by Prevail Bank in: Banking / Money Management, Digital Banking, Fraud
There are many reasons why people send checks throughout the year – to pay bills, send money to family members, pay their employees, etc. Perhaps another reason may be that they don’t trust the security of electronic transactions. Whatever the reason, mailing checks may not be the safest route anymore. Check fraud cases have been on the rise – specifically linked to mail theft.
During the pandemic in 2020, federal government stimulus checks were being...
Featured Blogs
Local Mortgage Lenders vs Online Lenders
Categories: Home Loans