Forget Qchex and other services that let anyone register your checking account and use it.

The monies in your checking account are at risk from a scam far less complicated than even that!

That’s right, and your old Aunty discovered it, quite by accident.

Today, Aunty called up her cell phone carrier to advise it that she was putting a check in the mail.

“Oh,” said the nice customer service representative, I can just take that check information over the phone and it will clear instantly.”

“Hmmm,” asked your old Aunty, “how’s that work, then?”

“Easy,” came the reply, “just give me the routing number and the account number and it’s done!”

So, Aunty gave the nice customer service representative the routing number and account number off the bottom of the check, and ten seconds later…

[Continue reading Your Checking Account Is Not Safe]