Post written by Carie Randle, Accounting Manager
It baffles me that people are still so reluctant to pay via ACH or debit card instead of mailing a check. I’ve found that the majority of people who are still writing physical checks do so because they believe it’s more secure, which (in my opinion) is so untrue! Here’s why:
If the wrong person gets ahold of your check, they have all of the information they need to make a purchase using your checking account. Your account number is printed in plain sight on the check, along with your routing number, name, address and signature.
If your checking account number is stolen and fraudulently used, you have to get a brand new checking account. This means contacting any and all agencies that auto-draw from your checking account to have them change the information they have on file. This often requires a bunch of paperwork for you to fill out, you’ll have to memorize a new account number, etc. What. A. Pain.
On the other hand, if someone gets ahold of your debit card number, all you have to do is report it to your bank and they’ll send you a new debit card with a new number.
There’s no need to get a new checking account because only that card number was compromised, not your checking account number. Plus, once deactivated, the old card is no longer tied to your checking account.
Keep all of your information safe by not sharing it unless absolutely necessary. Whenever possible, input your information yourself.
By signing yourself up to pay via ACH, only your eyes have seen your account information. The less people you share your account information with, the less likely it will be stolen.
Besides, it’s the 21st century and even check payments aren’t usually processed like they used to be anymore.
Now, when you write a check at a big box store, they scan your check, essentially turning it into an electronic transaction anyway, and then hand your check back to you.
Some people are even choosing to only use a credit card to pay for everything and pay it off each month. This keeps thieves away from their checking account and avoids the hassle of having to wait several days for the bank to process the fraud claim and return the funds to their checking account.
So, next time you go to write a check, just consider the vulnerability you’re causing to your checking account and consider a safer option like a debit card or ACH!