Save Yourself From Bank Fraud With THESE Alerts and Settings

Have you setup MFA and Alerts on your Business Accounts too?

We did a video not too long ago with our top tips to keep your Business Bank Account safe and secure too. Check it out by clicking the Orange button

Video Transcription

Here’s a quick tip that could really save your bacon!…

Set up withdrawal alerts on your bank account.

73% of Americans access their bank account through a computer or a mobile device.

According to the American Bankers Association, fraud against bank deposit accounts amounted to $19.1 billion in 2019.

And did you know that the FDIC doesn’t protect you from money stolen out of your account by a hacker?


Most banks today have a mobile application and even if they don’t, most of them allow you to set up text message alerts for any withdrawal over a certain amount.

For example, I have my mobile Chase Bank app set up to alert me on any withdrawal on my account over $1.

This applies to checks debit cards, or wire transfers. Setting up these alerts will allow you to spot and report fraudulent activity before the money has been siphoned into a cyber criminals account.


And here’s a bonus tip.

Make sure your bank login is set up with multi factor authentication so that even if these cyber criminals steal your credentials, they can’t get access to your money.


Do you have the proper bank alerts set up on your bank account?

If not, log into your bank website and do it right now!


Link up with me on LinkedIn send me a message to let me know you’ve got the PROPER settings and notifications activated on your Banking app, or if you’ve got any questions.

If you found this information helpful, please SHARE this post with a friend, and FOLLOW me on LinkedIn for more cybersecurity tips. 

Ross Brouse | LinkedIn

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