Commercial Branch

BANKING CRIMES

Cheque Fraud

DON’TS

• Use abbreviations as beneficiary details eg SARS write out South African Revenue Service

• Post cheques

• Do not release goods even if a Bank cheque is presented, without checking with your Bank

• Do not cross Cash cheques

• Do not advertise your Banking details

DO’S

• Include your account number when making account payments

• Use crossings accordingly

• Familiarise yourself with the different Banks cheque layouts

• Use alternative methods of payment such as Electronic payments

• Bank statements and chequebooks should be locked away

• Reconcile your cheques against your Bank statement

LOOK OUT FOR

• Check the payee, amount in words and figures carefully for alterations

• Be on the look out for stamps that are placed over areas that could conceal alterations

• Spelling mistakes on the printed areas of the cheques such as the drawer’s details and branch name

• Tampering on the MICR Code line – black shaded areas

• Be suspicious if a cheque appears faded, as chemicals could have been used to remove information

• Shaky signatures could indicate that the signature was traced

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