And this sort of fraud can still happen if you're with a credit union. The simple solution is to visit your local branch and place an ACH debit block with only certain debits allowed, e.g. for bill payments, certain electronic check conversions, and so forth. And, let your financial institution know the exact range of checks you have (preferably by ordering directly through them) and ask them not to pay checks that are not in that range.
Either way, stay vigilant, and watch your account regularly to catch fraudulent or simply erroneous transactions. This applies to all of you, regardless of whether you bank with Wachovia, Citibank, Bank of America, Navy Federal, USAA, or any other U.S. financial institution.
“And this sort of fraud can still happen if you’re with a credit union.”
Sure it can. But the point is, the mega-bank in question knew what was going on, and did nothing. All the controls in the world can’t help you if you’re dealing with people of questionable ethical standards. Sooner or later, you’re going to get ripped off.
When you go to the bank is that the exact phrase you would use?
Thanks. I learn so much from Freepers.