Did your check go missing? Here’s how to protect your money as reports of mail thefts rise

In northwest Houston, small business owners are grappling with a significant challenge as thieves target their checks at the local post office, making it increasingly difficult to run their businesses smoothly.

The perpetrators are engaging in a practice known as “check washing,” where they alter the names on the stolen checks before depositing them to obtain cash illegally.

Connie White expressed the added stress caused by this situation, stating, “The hardship of a small business these days is enough on itself, and then to have this issue come along is an added stress that you don’t want to endure.” Many business owners, like Orlando Cardenas, are experiencing financial strain as checks meant for them go missing, making it challenging to manage their expenses.

In case of a missing check, it’s crucial to report the incident to the police, the post office, and your bank promptly. Additionally, requesting fraud monitoring can help alert you if any future checks are deposited without your authorization.

Bank of America recommends several measures to help safeguard against the risks of check fraud:

– Utilize digital payment methods like Bill Pay or Zelle for additional security.
– Enable transaction alerts to monitor account activity closely and ensure that check amounts match your records.
– Dispose of canceled paper checks and those deposited via the Mobile Banking app securely by shredding them. Retain the item for one week from the date of deposit acknowledgment.
– Opt for direct deposit or use the Mobile Banking app to deposit checks securely.
– Send checks through certified mail, a secured mailbox, or directly within the post office, confirming receipt with the intended recipient.
– Regularly review deposit account activity and bank statements to identify any suspicious transactions promptly. Report any unusual activity to your bank as soon as possible.
– Treat your checkbooks with the same level of caution as cash and store them in a secure location.

By taking these precautions, small business owners can mitigate the risks associated with check fraud and protect their financial interests more effectively.