"Check Washing" is Dirty Business!
What Is Check Washing and Why Should You Be Concerned?
Check washing is a growing form of fraud where thieves steal checks from the mail, use chemicals to erase the original payee and amount, then rewrite them to steal money. Once altered, these fraudulent checks are deposited into their accounts, leaving victims with drained funds and financial headaches.
Protect yourself by using secure payment methods, avoiding outgoing checks in standard mail, and monitoring your bank statements regularly. Stay informed and safeguard your finances from check fraud!
How Big of a Problem Is Check Washing?
Check washing is a major financial threat, accounting for over $1 billion in fraud—more than 25% of all check fraud cases in the U.S. This growing crime has even led to the removal of blue USPS collection boxes in many areas.
Victims face serious financial disruptions, as banks can take months to resolve disputes and recover stolen funds. Don’t fall prey to check-washing scams—use secure payment methods and monitor your accounts regularly to stay protected!
