At Nevada State Bank, we know that the security of your banking transactions is as important to you as the security of your business. Working together as a team, we can help prevent account fraud before it happens.
Protect Your Account Information
- Check your account balance frequently, and keep careful track of the transactions and activity taking place on your account.
- Review your bank statements as soon as you receive them and report any discrepancies to us immediately.
- Store bank statements and cancelled checks in a secure location.
- When it’s time to destroy statements or other account-related documents, be sure to shred them using a cross-cut shredder.
- Notify us immediately if you receive any suspicious phone or email inquiries, such as those asking for your bank account information. Nevada State Bank will never ask for that kind of information via phone or email.
- Your ATM PIN provides access to your account; don’t write it down or share it with others.
Prevent Check Fraud
- Nevada State Bank offers two Positive Pay products to protect you against check fraud. With Positive Pay and ACH Positive Pay, we monitor the transactions that are presented to the bank for payment. If these checks don’t appear on your approved transaction list, the item will not be paid.
- Store all checks in a safe place and ensure that they are locked up securely at all times.
- Report lost or stolen checks immediately. We will block payment on the check numbers involved, and we may advise you to close the affected account.
- Complete checks so that they cannot be altered. When preparing checks, avoid leaving spaces on the payee and amount lines, and use dark ink that can't be erased or covered over.
- If you use a facsimile signature stamp, keep it locked in a separate location from your business checkbook.
Implement Sound Business Practices
- Duties such as approving invoices, preparing checks, signing checks and reconciling accounts present opportunities for fraud if proper controls aren’t maintained. It’s safest to have separate individuals perform these functions, and to audit your books frequently.
- Develop strict hiring practices, including background checks. Use caution and discretion when giving employees access to accounts or account information.
The information contained herein may not represent the views and opinions of Nevada State Bank or its affiliates. It is presented for general informational purposes only and does not constitute tax, legal or business advice.