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Since account numbers are re-useable for fraudulent transactions, anyone you write a check to has the opportunity to print their own check with your account number on it.

One way to help reduce the risk of you actually losing money is to only transfer in enough money to cover the checks you have written. (transferring between multiple accounts in my own bank is instant, no inter-banking system delays) You can do this on your smartphone or computer every time you write a check. However, it only makes the problem worse if the fraudulent check clears before your real checks clear, because then you are only blocking legit checks. If the fraud was to late or to large amount, you successfully limit the problem to the bank's overdraft fee.

Are there banks that offer a more effective pre-approval capability? (free or otherwise) This would mean you log into the account to approve a check for the specific amount (and perhaps other specifics), without needing to limit the available funds. Additional white-list features might could be placed for my monthly utility and telecom bills.

Forget for a moment whether this feature would be used or liked by the account holders. And I am aware that I add to the risk I will mistakenly bounce a check, which, if it was to my credit card company, could be very bad.

  • What is the closest thing, which is commonly available in bank accounts?

  • What kind of roadblocks might stop a bank from implementing this feature? For example, the cost of stopping other banks from withdrawing money.

    I don't know how the banks work internally, but I know that banks have the ability to block transactions, because you can call them up and "stop a check", essentially a blacklist. (for a fee)

I don't know how the banks work internally, but I know that banks have the ability to block transactions, because you can call them up and "stop a check", essentially a blacklist. (for a fee)

  • Is this a mute point, given the current safeguards? (I assume there are ways to report fraud after the fact, but I never had the problem, and don't know if you can get overdraft fees from fraud refunded, or if the fraud was successful, if you can recover the total fraud amount.)

    Is this a mute point, given the current safeguards? (I assume there are ways to report fraud after the fact, but I never had the problem, and don't know if you can get overdraft fees from fraud refunded, or if the fraud was successful, if you can recover the total fraud amount.)

This question is not limited to checking accounts, credit card accounts are also of interest.

Since account numbers are re-useable for fraudulent transactions, anyone you write a check to has the opportunity to print their own check with your account number on it.

One way to help reduce the risk of you actually losing money is to only transfer in enough money to cover the checks you have written. (transferring between multiple accounts in my own bank is instant, no inter-banking system delays) You can do this on your smartphone or computer every time you write a check. However, it only makes the problem worse if the fraudulent check clears before your real checks clear, because then you are only blocking legit checks. If the fraud was to late or to large amount, you successfully limit the problem to the bank's overdraft fee.

Are there banks that offer a more effective pre-approval capability? (free or otherwise) This would mean you log into the account to approve a check for the specific amount (and perhaps other specifics), without needing to limit the available funds. Additional white-list features might could be placed for my monthly utility and telecom bills.

Forget for a moment whether this feature would be used or liked by the account holders. And I am aware that I add to the risk I will mistakenly bounce a check, which, if it was to my credit card company, could be very bad.

  • What is the closest thing, which is commonly available in bank accounts?

  • What kind of roadblocks might stop a bank from implementing this feature? For example, the cost of stopping other banks from withdrawing money.

I don't know how the banks work internally, but I know that banks have the ability to block transactions, because you can call them up and "stop a check", essentially a blacklist. (for a fee)

  • Is this a mute point, given the current safeguards? (I assume there are ways to report fraud after the fact, but I never had the problem, and don't know if you can get overdraft fees from fraud refunded, or if the fraud was successful, if you can recover the total fraud amount.)

This question is not limited to checking accounts, credit card accounts are also of interest.

Since account numbers are re-useable for fraudulent transactions, anyone you write a check to has the opportunity to print their own check with your account number on it.

One way to help reduce the risk of you actually losing money is to only transfer in enough money to cover the checks you have written. (transferring between multiple accounts in my own bank is instant, no inter-banking system delays) You can do this on your smartphone or computer every time you write a check. However, it only makes the problem worse if the fraudulent check clears before your real checks clear, because then you are only blocking legit checks. If the fraud was to late or to large amount, you successfully limit the problem to the bank's overdraft fee.

Are there banks that offer a more effective pre-approval capability? (free or otherwise) This would mean you log into the account to approve a check for the specific amount (and perhaps other specifics), without needing to limit the available funds. Additional white-list features might could be placed for my monthly utility and telecom bills.

Forget for a moment whether this feature would be used or liked by the account holders. And I am aware that I add to the risk I will mistakenly bounce a check, which, if it was to my credit card company, could be very bad.

  • What is the closest thing, which is commonly available in bank accounts?

  • What kind of roadblocks might stop a bank from implementing this feature? For example, the cost of stopping other banks from withdrawing money.

    I don't know how the banks work internally, but I know that banks have the ability to block transactions, because you can call them up and "stop a check", essentially a blacklist. (for a fee)

  • Is this a mute point, given the current safeguards? (I assume there are ways to report fraud after the fact, but I never had the problem, and don't know if you can get overdraft fees from fraud refunded, or if the fraud was successful, if you can recover the total fraud amount.)

This question is not limited to checking accounts, credit card accounts are also of interest.

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Since account numbers are re-useable for fraudulent transactions, anyone you write a check to has the opportunity to print their own check with your account number on it.

One way to help reduce the risk of you actually losing money is to only transfer in enough money to cover the checks you have written. (transferring between multiple accounts in my own bank is instant, no inter-banking system delays) You can do this on your smartphone or computer every time you write a check, but that is still not very effective. However, it only makes the problem worse if the fraudulent check clears before your real checks clear. Even if it worked, because then you incurare only blocking legit checks. If the bank's overdraft feefraud was to late or to large amount, but at leastyou successfully limit the problem is reduced to athe bank's overdraft fee.

Are there banks that offer a whitemore effective pre-listapproval capability? (free or nototherwise) This would mean you log into the account to approve a check for the specific amount (and perhaps other specifics), as you are writingwithout needing to limit the checksavailable funds. Additional white-list features might could be placed to approvefor my monthly utility companies automaticallyand telecom bills.

Forget for a moment whether this feature would be used or liked by the account holders. And I am aware that I add to the risk I will mistakenly bounce a check, which, if it was to my credit card company, could be very bad.

  • What is the closest thing to this, which is commonly available.

    What is the closest thing, which is commonly available in bank accounts?

  • What kind of roadblocks would be stopping a bank from implementing this feature? (for example, the cost of stopping other banks from withdrawing money)

    What kind of roadblocks might stop a bank from implementing this feature? For example, the cost of stopping other banks from withdrawing money.

I don't know how the banks work internally, but I know that banks have the ability to block transactions, because you can call them up and "stop a check", essentially a blacklist. (for a fee)

  • Is this a mute point, given the current safeguards? (I assume there are ways to report fraud after the fact, but I never had the problem, and don't know if you can get money back, or overdraft fees from fraud refunded, or if the fraud was successful, if you can recover the total fraud amount.)

This question is not limited to checking accounts, credit card accounts are also of interest.

Since account numbers are re-useable for fraudulent transactions, anyone you write a check to has the opportunity to print their own check with your account number on it.

One way to help reduce the risk of you actually losing money is to only transfer in enough money to cover the checks you have written. (transferring between multiple accounts in my own bank is instant, no inter-banking system delays) You can do this on your smartphone or computer every time you write a check, but that is still not very effective, if the fraudulent check clears before your real checks clear. Even if it worked, you incur the bank's overdraft fee, but at least the problem is reduced to a fee.

Are there banks that offer a white-list capability? (free or not) This would mean you log into the account to approve a check for the specific amount (and perhaps other specifics), as you are writing the checks. Additional white-list features might could be placed to approve my utility companies automatically.

Forget for a moment whether this feature would be used or liked. And I am aware that I add to the risk I will mistakenly bounce a check, which, if to my credit card company, could be very bad.

  • What is the closest thing to this, which is commonly available.
  • What kind of roadblocks would be stopping a bank from implementing this feature? (for example, the cost of stopping other banks from withdrawing money)

I know that banks have the ability to block transactions, because you can call them up and "stop a check", essentially a blacklist. (for a fee)

  • Is this a mute point, given the current safeguards? (I assume there are ways to report fraud, but I never had the problem, and don't know if you can get money back, or overdraft fees from fraud refunded.)

This question is not limited to checking accounts, credit card accounts are also of interest.

Since account numbers are re-useable for fraudulent transactions, anyone you write a check to has the opportunity to print their own check with your account number on it.

One way to help reduce the risk of you actually losing money is to only transfer in enough money to cover the checks you have written. (transferring between multiple accounts in my own bank is instant, no inter-banking system delays) You can do this on your smartphone or computer every time you write a check. However, it only makes the problem worse if the fraudulent check clears before your real checks clear, because then you are only blocking legit checks. If the fraud was to late or to large amount, you successfully limit the problem to the bank's overdraft fee.

Are there banks that offer a more effective pre-approval capability? (free or otherwise) This would mean you log into the account to approve a check for the specific amount (and perhaps other specifics), without needing to limit the available funds. Additional white-list features might could be placed for my monthly utility and telecom bills.

Forget for a moment whether this feature would be used or liked by the account holders. And I am aware that I add to the risk I will mistakenly bounce a check, which, if it was to my credit card company, could be very bad.

  • What is the closest thing, which is commonly available in bank accounts?

  • What kind of roadblocks might stop a bank from implementing this feature? For example, the cost of stopping other banks from withdrawing money.

I don't know how the banks work internally, but I know that banks have the ability to block transactions, because you can call them up and "stop a check", essentially a blacklist. (for a fee)

  • Is this a mute point, given the current safeguards? (I assume there are ways to report fraud after the fact, but I never had the problem, and don't know if you can get overdraft fees from fraud refunded, or if the fraud was successful, if you can recover the total fraud amount.)

This question is not limited to checking accounts, credit card accounts are also of interest.

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