Checking Account Fraud

How to Handle Checking Account Fraud

Imagine this – you’re at a bank applying to open a checking account and you’re told that they can’t open an account for you at this time because you’ve bounced checks on a previous account and have been reported to a company called ChexSystems. The problem is, you’ve never had a checking account at the bank that you’ve been reported by and you’ve definitely never bounced any checks. So what do you do?

Contact ChexSystems

The first thing you’re going to want to do is contact ChexSystems. You’re going to want to get a copy of your ChexSystems report. Without this report you won’t be able to begin to repair your ChexSystems history. Once you have your ChexSystems report, you’re going to want to dispute the information on that report and you’re going to want to contact the bank that reported you informing them that an account was opened in your name fraudulently.

Get a Copy of Your Credit Report

You know that you’re information has been used to open a checking account, so you’re going to want to get a copy of your credit report to see if they’ve opened any credit accounts using your social security number.

Contact the Police

Once you have written documentation from ChexSystems that an account was fraudulently opened in your name. You’re going to want to file a report to get the ball rolling in investigating and prosecuting the person who fraudulently used your credit to open a checking account.

Comments

Identity theft is very serious.

This is one of the reasons I subscribe to PrivacyGuard and I review my credit report every single month to see if any activity has occurred that I am not aware of and also to see if any inquiries have been made and were they appropriate.

This is early detection of anyone stealing anything from you.

It is worth it for about $80 per year. It is insurance from my perspective.

Ralph

I recently was a victim of check forging by an ex-employee who stole checks and cashed them at a currency exchange and credit cards as well. The problem is currency exchanges cashed $2,000 checks without even a phone call. The other is Target dept store took a credit card from a women (even tho I'm a man) and was able to purchase over $2,000 in merchandise and get about $4,000 in cash. Banks & dept stores are very lax when it comes to accepting these kind of transactions. I have complained to credit card companies for years to have stricter rules and blame them for their lax attitute as well. The worst is that on the northside of Chicago,Il ; their is only 1 officer who handles this kind of crime and he is now on vacation for 5 weeks ! He will not be back to work until Mar ? I have written the Chicago police dept with no response and am now going to contact the news bureaus here. When I apporoached the officer to do something he said why are you pursuing this, as the credit card companies will credit your account and the bank will credit your account as well. I said that's not the point these people are crimminals ! and I can tell that this women took the job just to be able to get access to this. I'm sure this is not her first time. I'm am so upset at their whole lax attitue at this kind of crime. It seems as long as your not robbing someone with a gun it's OK to do crime this way. If I were a crimminal this is the way I would steal and rob from people as no one seems to care.

In addition, you may want to contact the Federal Trade Commission and file their online or printed Affidavit of Fraud. This is a very helpful tool to use along with your police report to convince merchants, banks, etc that you are a victim of Identity Theft.

thank u for persuing it keep it up police is only a part of policing untill we( victom) persue it all the way until the criminal element is delt with keep it up( excuse my spelling if there is any)

Another thing not mentioned is if some one opens an account using your name and information and bounces checks YOU might get arrested on bad check charges. As an officer I've seen this happen to people. The Officer won't take your word. You will have to go through the system . Even if your cleared , if another bad check results in a warrant you will get arrested again.

I went to the ATM to make a withdrawal; however, the account showed less than a $100.00 balance. Knowing that was incorrect but having to keep a necessary appointment, I waited until I got home to question. I went on line and saw that a check had cleared the bank the day earlier to an investment firm - someone I didn't do business with. In addition, in looking at the on-line copy of the check, I knew it wasn't my signature and the name on the check didn't use my middle initial. The check number was old and luckily it was from a time when you got your cancelled checks back from the bank. I found the check. It had been written to a Storage Company for my monthly rent. Someone, either from the Storage Company or someone else working along the path of the check clearing, had taken the routing information and created an electronic withdrawal. I immediately called Bank One Security who directed me to my local branch office. They closed the account, opened a new one and turned the matter over to Bank of America where the fraudulent check had been deposited. I got my money back within 48 hours. I accepted some responsibility for what happened because the thieves had been "dipping" for $5 and $10 for months, I guess to see if I noticed. I didn't and so when they saw what balance I had, hit me hard. I was fortunate in that I caught the theft in less than 24 hours, faster than they had anticipated. They hadn't taken the time to try to cover their tracks yet.

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