One of the biggest threats to your hard-earned money is fraud. Thieves are always on the lookout for a backdoor into your checking account—and with so much of the banking process going digital, they can do it without even being physically present.

While your bank employs heavy-duty security to protect your money, simple mistakes on your end can provide thieves an opening. Magnolia Bank in Hodgenville, KY, offers these tips for keeping your funds safe from fraud.

Fraud Protection FAQ

How Do Thieves Get My Information?

One of the most common ways an account can be compromised is through unsafe online banking practices. Fraudsters create phishing sites which look like the login page for your bank, but instead, collect your ID and passwords. Never click a link to reach your bank’s website; always type in the URL carefully, and check to make sure you’re on the correct site.

What About My Bank Statements?

All your financial documents should be kept in a secure place. Don’t throw out anything with checking account numbers or other identifiers until you’ve obscured the information. You can even arrange to receive electronic statements by email, reducing the number of papers which a thief might find.

What Should I Do If I Suspect Fraud?

As soon as you notice any suspicious activity, missing debit cards, or other alarming signs, contact your bank right away. Explain the situation and ask what they can do to protect your account and return any missing funds. You should also report the fraud to the police, the FTC, and the major credit bureaus.

How Can I Check My Account?

Most banks allow you to review your checking account’s recent transactions online, allowing you to track your banking activity and note anything unusual. You can also ask your bank for a statement regarding recent transactions.

Don’t let your money fall into the wrong hands. Take steps today to secure your checking account. For more information, contact Magnolia Bank at (270) 358-3183 or online.