Where did $711 Million Go?

According to the Federal Reserve, U.S. Banks lost $711 million due to check Fraud in 2006, when I say “U.S. Banks” I’m really talking about YOUR money, and when I say “lost” I mean fraudulently stolen by criminals. How did this happen? One of our first blog entries educated people about the risk of check washing and the effects it can have on you and your business. Check washing involves rinsing off the ink of the payee and the amount on the check and substituting information. When you put a check in your mailbox all someone has to do is grab it, wash it, and re-write their name in it and viola!

So what can you do to avoid this? You don’t have to get new checks, change your bank, or even spend more than $1.86. Protect your company and customers from this and be a hero! Check out our Anti Check Washing Pen and never worry about your money being stolen.

Here are some other helpful tips to avoid check fraud:

Only use anti check washing gel ink pens they are specifically designed to combat check washing.

Don’t drop checks in residential mailboxes; put them in secure locations that cannot be tampered with.

Shred cancelled checks.

Don’t have your new checks mailed to you; pick them up at the bank.

Check bank statements regularly and report discrepancies immediately.

Contact us today and let farfromboring.com get you the Anti Check Washing Pen. Put your logo on a pen that people will keep and associate security and safety with your company.