The Dangers of Check Fraud

Last week I posted about credit card processing in law practices and while that is a viable option for law practices, many attorneys still primarily accept checks from their clients. However, check fraud is on the rise. How can attorneys continue to accept checks while protecting themselves from fraud. I read an article that gave some great solutions for how attorneys can implement practices to hopefully lessen their chances of receiving a fraudulent check. https://www.lawledgers.com/protecting-your-law-firm-from-check-fraud/

I think the most impactful suggestion from this articles is the use of a check scanner. There are also some companies that have mobile apps you can use to verify your checks. Some banks also have special programs that help guard your account from check fraud. 

Overall, if an attorney is hesitant to accept physical checks they can try accepting ACH. This electronic method allows you to verify the account number immediately. With ACH the funds are still held for 3 days due to the clearinghouse regulations so it does not speed up the deposit time.