Fake bank statements can be identified by confirming the authenticity of the statements with the bank, inspecting actual documents closely and asking for original documents. Some people try to commit fraud using falsified bank statements when applying for a loan, while others create fake bank statements to cover up embezzlement or theft, according to IAG Forensics and Valuation.Know More
If there is any doubt regarding the authenticity of a bank statement provided by a borrower, it is important to confirm the document's accuracy with the originating bank, advises Investment at People. Bank statements often contain identifiable markings that a counterfeiter might overlook. Bank statements that have been printed on a computer are especially suspect, as the person committing the fraud may have altered or deleted entries. Computer-generated statements should be examined closely for inconsistencies in type face, print quality or color. Original bank statements likely are folded as a result of the mailing from the bank. Investment at People suggests that a business that may have received fake bank statements ask the originating bank to provide copies of statements for extra security.
The Adviser explains that brokers, accountants and lenders sometimes commit fraud by altering bank documents. Fraud can involve groups of financial market participants in collusion. But more than 90 percent of all mortgage fraud cases are the result of carelessness on behalf of the borrower or the broker, said John Denovan of Gadens, quoted by The Adviser.Learn more about Personal Banking
Wells Fargo offers online statements to all customers who create an online username and password to go with their checking, savings or other accounts. The bank automatically archives up to seven years of online statements and makes them available to download in PDF format.Full Answer >
Most major online banking services let users register their accounts for online access, sign into those accounts and then view their statements remotely from anywhere they have Internet service. These services, along with a considerable raft of online banking features becoming standard in the market, are commonplace at banks like Citizen's Bank, Bank of America and other major American brands.Full Answer >
For financial security, the best practice is to check your statement each month when it arrives, either via e-mail or in the mailbox. Also, you should check your credit card statements and other financial documents when they arrive in the mail.Full Answer >
The method for accessing online pay statements depends on the type of payroll system your employer uses and your employment type. Most salary and hourly employees access pay information by visiting the employee portal of the company's website and logging in with a username and password issued by the employer.Full Answer >