Stay Vigilant: Protect Your Business Checks From Scams.

Business check fraud remains a significant risk for organizations of all sizes. Fraudsters may alter, intercept, or counterfeit checks to redirect funds—often leading to financial loss, operational disruption, and recovery challenges.

 

Common forms of business check fraud include:

• Altered checks (payee name or dollar amount changed).
• Counterfeit or duplicated checks.
• Mail theft of outgoing or incoming checks.
• Unauthorized check endorsements.

To help prevent check fraud:

• Secure check stock and restrict access to authorized personnel.
• Use Positive Pay and payee verification services when available.
• Review bank statements and check images promptly.
• Avoid mailing checks when electronic payments are available.
• Verify any unexpected payment changes or urgent requests.
• Implement dual controls for check issuance and approval.

If you suspect check fraud:

• Contact your local PWSB branch immediately. 
• Stop payment on affected checks if possible.
• Preserve all documentation and communications.
• Report the incident to appropriate internal teams and authorities.

Early detection is critical—timely action can help minimize

financial impact and prevent further loss.

If you have any questions, contact us here!