How to Avoid Check Fraud: Essential Tips for Small Business Owners | 5 Minutes for Finance

Need more advice, or want to outsource your CFO work? Schedule a consultation with David at fusecfo.com/request-a-consult... , or visit check out our other areas of expertise at fusecfo.com/
------------------------------------------
Welcome to another insightful episode of 5 Minutes for Finance! In this segment, host David Worrell delves into a crucial topic for small business owners: how to avoid check fraud.
Did you know that check fraud is one of the leading ways small businesses get ripped off? With over 650,000 incidents reported last year alone, it's essential to safeguard your company's finances.
In this fast-paced discussion, David shares practical strategies to steer clear of check fraud pitfalls. From leveraging online banking bill pay services to utilizing electronic transfer methods like Zelle, PayPal, or ACH, he outlines actionable steps to protect your assets.
Learn why using a gel pen for paper checks can be a game-changer and why delivering checks in person or through secure channels like Positive Pay Treasury Services is crucial in thwarting fraudsters' attempts.
Don't let your business fall victim to check fraud - arm yourself with the knowledge and tools necessary to safeguard your finances. Tune in now to learn essential tips for protecting your small business from check fraud!
For more insightful finance tips and to stay updated on future episodes, subscribe to our channel and visit fusecfo.com for additional resources.
Whether you're a business owner or just want to protect your wallet, this episode is your go-to guide for understanding and preventing check fraud.
Don't miss out on the essential insights that could save you from financial headaches!
Tune in now and take the first step towards financial literacy with 5 Minutes for Finance!
⭐ Website: fusecfo.com/
📞 Consultation: fusecfo.com/request-a-consult...
⏱️TIMESTAMPS
0:00 - Intro
0:24 - What is Check Fraud?
1:05 - Best Practices to Avoid Check Fraud
2:30 - Use ACH or Wire!
3:20 - If You HAVE to Write a Paper Check
6:00 - Positive Pay Treasury Services
7:05 - Check Fraud is a Massive Problem
🔴Subscribe for more Accounting Tutorials → / @fusecfo
#CheckFraud #finance #chequebounce #accounting #CheckFraudPrevention #BusinessSecurity #financetips #FinancialSecurity #BusinessProtection #FraudPrevention #SmallBizTips #BusinessOwners #financeeducation #FraudAwareness #securebanking