Your business is your livelihood, and it's important to keep your business information secure at all times.
Here are 12 Business Protection Tips:
Do not have the same person balance the bank statement and issue checks.
Regularly review your account activity and canceled checks, especially if someone else reconciles your bank statement.
Secure all reserve supplies of checks, deposit slips and other banking documents in a locked compartment.
Limit access to only a few authorized employees.
Change the locks when an employee leaves your company.
Conduct random audits especially for employees who have access to financial records and documents.
Use an electronic payment system such as PayChex® for check disbursement rather than manually issuing checks.
Know your bank's depositor's contract and what your liability is for fraud under the Uniform Commercial Code.
Use a shredder to destroy all canceled checks and financial data that is no longer needed.
Have employees bonded if appropriate in your industry. An employee is bonded if the employer has purchased insurance from a bonding company to protect clients from losses caused by the employee.
Stay in touch with other businesses to share information regarding suspected fraud activity.
Purchase your checks and deposit slips from our approved check vendors to ensure the quality of your check stock and the integrity of your account documents.
Do not share your login access codes for Online Services with any third party.
Take advantage of services like Positive Pay, designed to assist you in protecting your accounts. For additional information about products and services, call 800-WACHOVIA (800-922-4684).