This Is a Big Shocker About Bank Fraud
Did You Know Your Company’s Bank Account Isn’t Protected Like Your Personal Account?
If a hacker were to take your money from your business account, the bank isn’t responsible for getting your money back. If you don’t believe me, ask your bank representative what their policy is on refunding your stolen money. Unfortunately, FDIC doesn’t protect you from fraud, just bank insolvency.
Set up email notifications to let you know any time money is withdrawn from your account. The SOONER you can catch fraudulent activity, the better chance you have of keeping your money. Contact the bank immediately if you see any strange activity on your account. This’ll give you a higher probability of foiling a hacker’s attack.