ACH fraud happened to us and it could happen to you

In a recent column I mentioned a fraudulent transfer of funds from one of our bank accounts. The bank worked with us quickly to resolve it because the account in question is one we use a lot. Temporarily, because of the size of the fraud, that account was useless to us. Fact is this type of fraud can affect anyone. Chances are you’ve seen ACH on your own bank statement. There’s a good reason—the Automated Clearing House Network moves trillions of dollars each year. For many of us, fraud is rare, but I had no idea about specifics of these

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