Detect FraudMonitoring your credit card and account activity is the best way to help detect if you have been a victim of fraud. While Mohave State Bank utilizes the Enfact system to monitor any suspicious activity, we urge you to detect fraud by following these steps:
Monitor your accounts regularlyWe recommend frequently reviewing your account activity online to quickly detect fraud and identity theft. Learn more about monitoring your accounts through Online Banking and Bill Pay. Among some of the benefits of frequent account monitoring online are:
- Over 50 percent of all identity fraud is first discovered by the victim.
- The sooner fraud is detected, the lower the financial impact.
- Customers who access their accounts online detect identity crime earlier than those who rely solely on mailed statements.
- Customers who set up email alerts receive timely notification about important activity in their accounts, which can help identify fraud quickly.
- Customers who choose to receive electronic statements instead of mailed statements reduce their risk of mail fraud.
Learn how to recognize fraudBelow are some tips for recognizing whether you have possibly been a victim of identity theft:
- If you find new accounts on your credit report that are not yours. A recent amendment to the federal Fair Credit Reporting Act (FCRA) requires each of the nationwide consumer reporting companies to provide you with a free copy of your credit report, at your request, once every 12 months. Please visit www.annualcreditreport.com for more details.
- If you did not receive an expected bill or statement by mail.
- If unexpected charges occurred on your account.
- If there are charges on your account from unrecognized vendors.
- If posted checks appear on your account significantly out of sequence.
- If you receive credit cards that you didn't apply for.
- If you are denied credit or are offered less than favorable credit terms for no reason.
- If you get calls from creditors or debt collectors regarding merchandise or services that you did not buy.
Check your credit report annuallyA recent amendment to the federal Fair Credit Reporting Act (FCRA) requires each of the nationwide consumer reporting companies to provide you with a free copy of your credit report, at your request, once every 12 months, from www.annualcreditreport.com.
Eligibility for an annual free credit report is determined by your state of residence based on the rollout schedule set by federal law. Please visit www.annualcreditreport.com to see when a free credit report becomes available in your state.
The Federal Trade Commission (FTC), the nation's consumer protection agency, has prepared a brochure, Your Access to Free Credit Reports, explaining your rights and how to order a free annual credit report.
For more details from the FTC, go to http://www.ftc.gov/bcp/conline/edcams/credit/ycr_free_reports.htm.