Have you heard of Check Washing?

Unfortunately, it’s the latest scam. Check Washing is where a physical check is obtained illegally by bad actors. They use a solvent to erase the ink on the “Pay To” and “$ Amount” fields, insert a new Pay To and a much larger $ amount. They cash or deposit the check into an account controlled by them.

How can you protect yourself against Check Washing?

We recommend a couple solutions; actively manage your Share Draft balances and consider using Bill Pay.

Actively managing your Share Draft account balances means you keep a smaller balance in your Share Draft account. You transfer funds from your Share account in Home Banking to ensure you always have enough funds to cover your check writing, debit card transactions, electronic funds transfers and ATM activities. Doing so limits your exposure.

Using Bill Pay allows you to systematically manage payments from your Share Draft account that are tracked from issuance to when they are cashed (or deposited). Bill Pay provides a greater level of Share Draft transaction security.

If you feel you have fallen victim to check washing, contact us immediately! And contact us to learn more about Bill Pay or visit our website to learn more. https://kenteachfcu.com/billpay

We’re here to help you manage and protect your finances.****