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What Are the Consequences of Making a Fake Bank Statement?

A fake bank statement can be used for many purposes, from identity theft to a nuisance. While making a fake statement isn’t against the law, it can be a bad idea to spread it around. Most institutions retain copies of documents for years. However, spreading a fake document is a much bigger issue. A fake statement can look like a legitimate bank statement but maybe a deliberate misstatement, exposing your details and putting you at Fake bank statement this?

Creating a fake bank statement is a crime.

While creating a fake bank statement is a crime, it can also be a way to get money without actually depositing it. Bank statements are an official document from the bank that sums up what an account holder has spent in the previous month. This document is made with Adobe Acrobat Pro, a program that lets you change numbers and text to make them appear higher or lower than they are.

The most common signs of a fake bank statement include inconsistencies. Inconsistencies can be minor or significant and should be flagged immediately to avoid falling victim to online fraud. The document is not legitimate if numbers don’t add up or if a withdrawal seems unusual. Fraudsters use round figures to disguise their inconsistency. These are red flags that the document is fake.

It can lead to identity theft.

The common mistake people make when opening bank statements is to assume they are from their financial institution. While this is not entirely true, it’s still a good practice to ensure that your account information appears as it should. Check your browser’s address bar for a lock icon and a secure site name. Also, make sure to check account numbers daily. If you notice any name changes, identity fraud may be underway.

Another common mistake people make is to send documents from their mailbox. Instead, mail them to a post office or official postal service mailbox. Intruders can steal mail from mailboxes and rewrite checks to themselves, so always keep your mail in a safe place. If you receive a letter stating your account is closed, this may indicate that someone has tampered with your personal data.

It can be used to prove you made a payment.

You may have received a paper bill for payment from someone you don’t recognize. If this is the case, you’ll want to find out who paid for it and whether they used their name or not. Even if the bill doesn’t look fraudulent, you may have made the payment using a joint account. In such a case, the person should verify the payment to ensure that they made the payment. Another way to check if the paper bill is authentic is by comparing it to the one you received from the bank.

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