Learning your checking account has been exposed to fraud is no fun. Here’s what to do if it happens to you:
• Speed is key. The sooner you notice the fraudulent charge and alert your bank, the better the chances of getting your money back.
• Reporting the initial transaction is important. The dollar amount may be small; however, that is only the beginning of what could potentially be stolen.
• Monitor accounts regularly and set up alerts. Typically fraudsters test an account with a small transaction first, then follow up with a larger charge.
Learn more here.
– Brooke Segura, Compliance Advisory Officer, Home Bank