Rising Concerns: Check Washing In Our Community
Rising Concerns: Check Washing in Our Community
In recent weeks, our community has witnessed a concerning uptick in reports of "check washing" — a form of fraud that involves altering checks to extract funds from unsuspecting individuals and businesses illegally.
As financial crimes evolve, everyone must be informed about these threats and understand how to protect themselves.
What is Check Washing?
Check washing is a scam where fraudsters steal checks, often from mailboxes, and use chemicals to remove the ink. Once the check is "washed," the scammer can rewrite it, changing the payee and often inflating the amount before cashing it. This can lead to unexpected financial losses and a cascade of complications for the victim.
How to Protect Yourself
While the rise in check washing reports is alarming, there are several proactive steps you can take to safeguard your finances:
1. Use Permanent Ink
When writing checks, always use a pen with permanent ink, such as a gel pen. These inks are more resistant to chemical washing and make it harder for fraudsters to alter your checks.
2. Opt for Electronic Payments
Whenever possible, use electronic payment methods. Online banking and digital wallets are generally more secure than sending checks through the mail.
3. Secure Your Mail
Invest in a locking mailbox or use a post office box for added security. If you must use the post office, don’t use the box outside. Walk your payments inside. Check your mailbox regularly and avoid leaving mail unattended for long periods.
4. Monitor Bank Statements
Regularly review your bank statements for any unauthorized transactions. Many banks offer mobile alerts for check clearances, which can help you catch fraudulent activity early.
5. Use Encrypted Checks
Some banks offer checks with security features, such as watermarks or special paper, that are harder to alter. Consider using these enhanced checks for additional safety.
What to Do if it Happens to You
Despite taking precautions, anyone can fall victim to check washing. Here’s what you should do if you suspect your check has been tampered with:
1. Contact Your Bank Immediately
Time is of the essence. Notify your bank as soon as you notice any suspicious activity. They can help stop payment on the check and may provide additional advice for securing your account.
2. File a Police Report
Report the incident to local law enforcement. While recovery can be challenging, documenting the crime is essential for any potential investigations and insurance claims.
3. Monitor Your Accounts
Keep a close eye on all your financial accounts for any further unauthorized transactions. Consider placing a fraud alert on your credit report as an added layer of protection.
4. Report to Postal Authorities
If you believe the check was stolen from your mail, report it to the United States Postal Inspection Service. They investigate mail-related crimes and can offer guidance.
Stay Vigilant
Awareness and vigilance are your best defenses against check washing. By taking these preventive measures and knowing how to respond if you become a victim, you can help protect yourself and your community from this growing threat. Stay informed, stay alert, and encourage others to do the same.