There are few safeguards in place to protect the legitimate account holder.
UNVERIFIED CHECKS CAN BE DRAWN ON YOUR ACCOUNT WITHOUT YOUR KNOWLEDGEĮvery check openly displays the account information a criminal would need to produce unauthorized checks. Unverified checks have lost credibility and are considered a high risk payment method. The traditional checking system is based on unverified checks which help fraudulent users and scammers to cause significant losses to consumers and the economy overall. Checks account for the majority of these transactions. UNVERIFIED CHECKS ARE EASY TO COUNTERFEITĮvery year more than 80 billion non-cash payment transactions (such as Check, Credit Card, Debit Card and etc.) are processed in the US.
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