Have you heard of check laundering fraud? It’s a simple but ingenious scam that criminals use to steal money that’s rightfully yours, and they usually get away with it.
Here’s how to avoid this scam from happening to you.
What is Check Wash Fraud?
Check laundering fraud is when important information is removed from an original check and new information is added. Typically, scammers will carefully remove information from checks using some kind of acetone solution, such as nail polish remover. They’ll then use the same type of ink that was originally used on the check, and if it looks close enough to the original handwriting, it’s usually cleared.
Here’s what to know about the dangers of check wash fraud. (Fox News)
This allows the scammers to get money that should be yours and you have to wait weeks for your money. The worst part is that you don’t have to be very skilled to make this type of fraud work. However, there are ways to prevent this from happening to you if you follow the steps below.
How to Avoid Being a Victim of Check Washing
The main way to avoid check cleaning is to try Pay online with credit card Avoid using checks entirely if possible. Many services have online payment systems, so you’re best off using that option.If you do have to pay by check, check to see if “Bill Pay” options. This means the information will be printed on the check and the scammer will not be able to remove it.
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If checks are the only way you can pay for a particular service, make sure you use the Black gel pen. The ink from these types of pens is rarely removable, which is a serious problem for con artists.
You should also be aware of the steps involved in mailing a check.The safest place to mail your check is post office.However, if you don’t have time to be there and can only send letters from home, make sure you Never leave a check in the mail overnight 。 This will give criminals plenty of time to snatch it before your mail carrier arrives.
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What if I’m away and want to receive mail?
If you’d like to receive your check in the mail and you know you won’t be there to pick it up, you can schedule your mailing through the USPS Mobile app.The app works for both iOS and Android phones. If you are outside the US, you can call your post office and let them know you will be out of town and they will help you. You can arrange for the check to be mailed to you the next business day after you get home, or you can pick it up at the post office.
How else can I protect myself?
If you think you have fallen victim to a scam, please contact the Better Business Bureau. You can complain to them 24 hours a day. In addition to the BBB, you can use IdentityTheft.org or call 877-438-4338 if you feel your identity has been stolen or misused.
Go here to learn more about personal safety. (Fox News)
Use Identity Theft Protection
Identity theft companies can monitor your personal information, such as social security numbers, phone numbers, and email addresses, and alert you if it’s being sold on the dark web or used to open accounts. They can also assist you in freezing your bank and credit card accounts to prevent further unauthorized use by criminals.
One of the best parts of using my 1st choice includes identity theft insurance Up to $1 million to cover damages and legal feesand a white glove fraud resolution team American project managers help you recover losses.
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