Effective Ways of Avoiding Check Fraud

Avoiding check fraud requires a lot of caution on your5 Real bank officials don't ask for personal or account
part. Here are some valuable tips on how to avoidinformation for any reason whatsoever.
check frauds.6 Cross out any blank spaces in fields such as payee
1 Cheques or bankers' draft should not be acceptedname, amount in words and figures, etc to avoid
for online payment unless it's from someone you knowadditions or alterations.
well (not on phone or by mail) and trust. Be doubly7 Avoid exposing or printing personal information on
careful if it is payment for an expense product orcheck books.
service.8 Be wary of people offer to an item from you at a
2 It is important that you keep your chequebook in ahigher price that you quoted. You can contact your
safe place. It is very important that you don't leavelocal office of fair trading, ASIC or the ACCC for
your checkbook lying around, especially where it canassistance.
easily be accessed by others. (Either used, unused or9 Scammers will come up with very realistic excuses
perhaps blank). You should ensure you shred cancelledfor the overpayment, it is better you send the check
checks properly so as to prevent anyone fromback and ask for another. If you have already
retrieving account information.deposited the money in your account, make sure that
3 If you are selling expensive items online insist onyour bank clears the money fully before you make
telephone or internet banking in place of cheques.any returns.
4 If your customers insist on paying with cheques then10 Don't be greedy- how often do you see people
you must insist they wait until the cheque is fullypaying more for anything, we all want to get items at a
cleared and you are sure that the money is genuinelycheaper price without the quality been compromised.
in your account .So wake up and be wise.