Check and ACH Fraud: Real Life Experience from a CPA

Check and ACH Fraud 101 (bank scams and frauds)

What is check fraud?
What is ach fraud?
How can you prevent check fraud?
How can you prevent ACH fraud?
How to defend against bank fraud?

These are examples of check fraud scams scams and other financial fraud I've come across in my career working in a corporate accounting department. Typically fake check scams comes in waves where multiple fake checks are attempted to be cashed.

Preventive measure include:
1) Positive pay system - stops checks you didn't write (positive pay is a add-on service provided by your bank)
2) ACH filter - one last review on bank transactions before they post to bank account

Keep learning more about this subject, check out the following:

➡️IMPORTANT: PROTECT Your Business From BANK FRAUD - What You Need to Know Now!

➡️BANKING PAYMENT METHODS: Difference between a Check, ACH and Wire

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[patrickbrayCPA]

Also check out Accounting Topics for Beginners