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Privacy & Security USA > Protecting Yourself > Help prevent Cheque Fraud in Your Business

Help prevent Cheque Fraud in Your Business

PhotographCheque Fraud Protection

  • Ensure your cheques are reviewed by RBC and incorporate security features that help combat counterfeiting.

  • Always store your cheques, deposit slips, bank statements and other documents in a secure location.

  • Shred cancelled cheques and old statements, or store under the same security as your un-issued cheques.

  • Reconcile your bank statement daily or through online banking.

  • Subscribe to products that will expedite your cheque reconciliation process, like Positive Pay, Payee Match or Reverse Positive Pay products.

  • Ensure your cheque order is complete and there are no missing cheques. Report missing cheques to your bank/cheque supplier immediately.

  • Don't leave blank spaces on the payee and amount lines.

  • Use dark ink that can't be easily erased or covered over.

  • Have different accounts for different functions, for example, one for payroll, one for accounts payable, cheque issuance etc. for easier reconciliation.