FRAUD TOOLS

Online Cash Manager - We recommend that business clients use our Online Cash Manager service to review their account activity every morning. This is a powerful tool to quickly identify unauthorized debits to a deposit account. Actual check frauds have been detected using this product. The faster a fraud is detected, the better the chances that loss can be prevented or that stolen monies can be recovered. For more information, contact your Private Banker at (617) 912-1900.

Online Banking - We recommend that our personal clients utilize our Online Banking service to review their accounts for suspicious transactions. The faster a fraud is detected and reported to a Private Banker and Fraud Prevention Specialist, the better Boston Private can serve the client and help to prevent a loss. For more information, contact your Private Banker at (617) 912-1900.

Implement Controls Over Checking Accounts - Strong controls over checking accounts, such as physically securing check stock and statements, separation of responsibilities (for commercial accounts), and timely reconciliations help to protect against the risk of deposit fraud.