3 Strategies for Identifying Fake Bank Statements

Whether you are suspicious of a fake bank statement or want to be sure that you’re getting your money’s worth, there are three strategies to help you spot the fraud. These strategies are: looking for inconsistencies, checking receipts for consistency, and using a document verification tool to confirm the authenticity of a bank statement. If you notice any of these signs, you’ll be well on determining whether a statement is bogus. You can also check 3 months of fake bank statement PDF.

Checking for inconsistencies

You may find inconsistencies in your bank statements. It may be the result of an error or the result of a mismatched record. Inconsistencies are signs that more investigation needs to be done. To determine any inconsistencies in your bank statements, you should compare them with the information on other documents from the same bank. Using a software program called MoneyThumb is an excellent tool for this purpose.

A mistake on your bank statement can be a real pain, so you should contact the bank or credit union and notify them of the error as soon as possible. The period begins from the date that the credit should have appeared on your statement. To avoid any delays, if you find that a mistake has been made on a recent statement, notify the bank right away. If you notice that a mistake has been made, remember to save the proof of the error.

Cross-checking statements with receipts

When looking at a bank statement, look for inconsistencies. Minor or significant differences are common among fake bank statements. Check if the numbers in the statement add up; if so, the statement is most likely fake. For example, if a particular number is significantly different from the one in the receipt, it could be phoney.

Another red flag is if the check number on the statement doesn’t match those on your record. This might be because a criminal has chemically washed old checks or used them in new transactions. They may also use dummy checks based on your routing or future numbers. This method can help you identify fake bank statements and avoid costly evictions.

Checking against previously used checks

Identifying fake bank statements requires recognizing the standard features of authentic checks. Usually, fake checks appear on your bank statement as transactions that do not match your records or for merchants you’ve never used. Checks may also have check numbers that do not match previously used ones. Fraudsters may chemically clean old checks and make new ones with new routing numbers or future numbers. Another red flag may be smudges or discolouration on the front of the check.

Inconsistencies in numbers are another major red flag. Fake bank statements often use round figures. Always check numbers against previous checks before making a purchase or withdrawal. Checking for inconsistencies will prevent you from falling victim to online fraud. Besides checking the numbers, you should also look for suspicious withdrawals or changes to balances. If you notice anything suspicious, contact the bank to ensure the accuracy of your bank statement.

Using document verification tool

In case of a suspicious bank statement, you must contact the bank’s customer service. The customer service representative will request a mail copy of the document. However, you may not get much help from the bank. To avoid the risk of fraud and protect your investment accounts, you should use a document verification tool. Here are some tips to help you spot fake bank statements. Weigh the risks and find the best tool for you!

MoneyThumb is a document verification tool that analyzes bank statements. Typical methods of authenticating a bank statement check for obvious mistakes, odd formatting, or text out of position. It also checks the software program used to create the PDF document. MoneyThumb compares the PDF document to a genuine one and highlights any discrepancies. It can even detect whether a bank statement is bogus or not.

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