To continue keeping your business and business accounts secure from fraudulent activity we are making you aware of a new scam that is being reported that involves ACH fraud. Other banks are reporting instances where a company receives an email that appears to be from one of their employees requesting to change the account number that they are receiving their direct deposit. The company makes the changes without verifying the employee, and the money is deposited into a scammers account.
Please remember that email addresses can be altered to appear that they are from an employee but have really come from a scammer. It is important to verify any change of account information with employee, or receiver of funds, anytime account information is being changed for ACH transfers. Also, signed authorizations need to be updated with the new account information.
Should you ever have questions about ACH rules or authorizations, please do not hesitate to contact us. Thank you for trusting Security National Bank as your financial institution.
