What to do if you experience fraud

Business Business Tips
Check fraud has increasingly become a top scam affecting consumers and businesses throughout the country. The financial experts at Home Bank offer tips of what to do if it happens to you. 

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, Home Bank, The New Orleans 100