How to Protect Yourself From Check Fraud, According to Experts

Printed checks are convenient, but at the risk of thieves stealing them to drain bank accounts. Some preemptive caution is a wise move.

Even though fewer and fewer people use checks, scams are on the rise. Oriana Zhang/The Epoch Times

Every year, enterprising thieves find new ways to separate people from their money. In many cases in the United States, this involves several methods of check fraud, which occurs when thieves use a personal or business check to steal money, services, or goods.

The Boston Fed reports that the United States Federal Reserve System collected a total of 19 billion in 1993. By 2022, the number of checks collected had declined to approximately 3.4 billion.