19 Aug Keep you accounts Protected with Positive Pay
Check fraud from USPS blue mailboxes has spiked across the country, and the D.C. region is a hot spot. According to an April 2022 article written by The Washington Post, criminals steal checks from mailboxes of all types and use nail polish remover to erase the intended payees name and the amount of the check, replacing the details with their own payee and amount, usually higher than the original amount. While check fraud is not a new thing, the increased rate of this occurring is alarming to local officials. The areas hit most have been Bethesda, Potomac, and Chevy Chase and other D.C. suburbs. Founders Bank offers business customers a tool called Positive Pay to identify checks that were changed or fraudulently written. Founders Bank is ready to help. Please call 202-792-1610 for more details.