While technology brings new innovations and changes to how society operates every day, some long-standing practices remain essential, such as using the U.S. Postal Service for mailing. Many businesses and consumers still rely on postal mail to send payments via written checks and convey other confidential information. Although this method has been a standard for decades, it makes individuals susceptible to a type of fraud known as check washing. In check washing, criminals intercept mail from home mailboxes, collection boxes, and sometimes directly from the post office, using chemicals to erase the payee's name on the check, allowing them to deposit the money into fraudulent accounts.

 

Take steps to safeguard your mail.

Make the most of digital banking whenever possible. Online and mobile banking allow for easy money transfers between accounts and utilization of Bill Pay direct payment services - right from your home computer or smartphone. Additionally, most utility bills, loan payments, medical bills, and other expenses can be conveniently paid online using your provider's website. Ensure the page you are using is secure and from a legitimate website. Even sending money for birthdays or graduations can be managed through popular payment apps, eliminating the need to send a check in the mail.
If you use the U.S. Post Office’s blue collection box receptacles, it is best to drop off your mail as close as possible to the indicated collection time. Stolen or compromised keys to these receptacles allow fraudsters to quickly sift through large quantities of mail. When sending a check through the mail, always follow up with the recipient to confirm the envelope was received. Additionally, closely monitor your statements to ensure the funds were deposited by the correct person and the payee name has not been altered and replaced.

Go directly to a U.S. Post Office or your bank’s local branch when you want to ensure your funds or private information are handled securely. Fraudsters are becoming increasingly sophisticated with each technological advancement. Making an extra trip to give your loan payment to the bank, or hand your mail directly to a USPS staff member, can be the most secure way to manage your money and private information. In a world where convenience often comes at a price, sometimes nothing is more valuable than your peace of mind.