How to Report Bank Account Fraud Online

Identity Theft How to Report Bank Account Fraud Online

How to Report Bank Account Fraud Problems

There are many types of identity theft, but bank account fraud can put the brakes on your financial stability. This is why it has been listed as a cause of increased anxiety, depression, and divorce. You can avoid these problems by handling your bank account fraud problems the right way, and DoNotPay can help.

DoNotPay can help with many issues regarding identity theft, including:

How to reportIRS related identity theft
Someone using your name to collect unemploymentCredit card fraud
Social security theftStimulus check recovery
Equifax and Experian identity theftFiling an identity theft lawsuit

You may try to handle your bank account fraud problems on your own. You'll make it much easier with help from an amazing application that uses AI to optimize the handling of your identity theft.

What Is Bank Account Fraud? 

When people hear the words "bank account fraud," they typically think of forgery. While forging checks is one type of bank account fraud, it can go much deeper than that.

Today's fraudulent bank account schemes typically have to do with identity theft. This is when the criminal party obtains your personal information and uses it to gain control over your account. There are many possible negative results of bank account fraud, including:

  • Posing as a banking institution to get personal information
  • Using personal information to gain access to accounts and steal money
  • Unsolicited checks that start automatic withdrawals from an account
  • Check-cashing scam

Each type of bank account fraud involves getting the account holder's personal information, which leaves them vulnerable to more victimization in the future.

How to File a Police Report for Bank Account Fraud

The first place to file a police report for bank account fraud is with your local police department. Depending on the size of your town, they may have a fraud department. At the very least, your local police department should be able to take a report and create a case number.

You should also report all incidents of bank fraud with the Federal Trade Commission (FTC). You can report a fraud on the FTC's website.

Many bank account fraud cases are not solved because the perpetrators are part of organized crime rings that may act outside of the country. Reporting your case to the proper authorities ensures that there is a record of your loss, so you can resolve related problems and potentially seek compensation.

Signs that You May Be a Victim of Bank Account Fraud

Reading about bank account fraud makes some people wonder how to tell if they have been a victim of fraud. Obvious ways to tell are when money goes missing from an account, but some signs of bank account fraud are not so obvious. They include:

  • Statements from accounts that you did not personally open.
  • Activity on your credit report that you didn't enact.
  • Unauthorized debits or credits.
  • Email notifications or password resets that you did not request.

Those responsible for bank account fraud may initiate small transactions first in an attempt to gain access to your account without you noticing. Even small transactions that you don't recognize can be a sign that your identity has been stolen.

What to Do if You've Had Your Identity Stolen in Bank Account Fraud

As soon as you detect that you've had your identity stolen in bank account fraud, you must be proactive and take these steps:

  1. Notify affected banking institutions of the event.
  2. Cancel accounts that have been compromised.
  3. Report bank account fraud to the proper authorities.
  4. Ensure computer antivirus software is up-to-date.
  5. Set up a credit monitoring service and consider freezing your credit.

The quicker you accomplish these steps, the quicker you will be able to move past your negative bank account fraud experience and get back control of your finances.

How to Sue for Identity Theft

Despite the fact that many criminals responsible for bank account fraud are never caught, you may be able to sue for compensation. This is because it is not only criminals that the courts will hold liable. It is also a banking institution.

Banking institutions have some responsibility to maintain the safety of your finances and your personal privacy. When this duty is breached, they may be obligated to pay you for the amount stolen.

Finding a lawyer to sue for identity theft may be expensive, but there are many pro bono options that won't cost you anything. DoNotPay can help you to find these lawyers and make it easier for you to get compensated for your loss.

How to Correct Bank Account Fraud on Your Own

Handling bank account fraud is stressful, and it is difficult to do it on your own. That is because it involves a lot of back-and-forth communication that doesn't always yield a pathway back to your previous financial state.

Many people give up on their bank account fraud cases because they don't see a progression. This shouldn't ever happen, and it won't if you get outside help.

Next Steps if You Cannot Do It Yourself: DoNotPay Can Help

Getting outside help means obtaining help from a connected source - someone or something that has access to the information you need to get your bank account fraud case handled correctly and quickly. DoNotPay has everything you need to expedite the handling of your fraud case.

DoNotPay will take away lengthy phone calls, excruciating wait times, and dead-end actions that frustrate victims of bank account fraud. Instead, your bank account fraud problems will disappear quickly, easily, and successfully.

How to Deal With Identity Theft Using DoNotPay:

  1. Search "identity theft" on DoNotPay and select the type of incident you would like to report.


  2. Tell us more about the incident that occurred, including the location, date, time, financial loss, and any suspect information you may have.


  3. We'll identify whether you should file an FTC report, contact the IRS, freeze your credit report, contact state agencies, or file a police report. Once we guide you through the best options, we'll automatically submit the reports on your behalf.


What Else Can DoNotPay Help You Solve?

Bank account fraud is not the only problem that DoNotPay can help you solve. It is a broad application that uses AI to simplify many of the problems people face every day.

Some of the things DoNotPay can do to help you solve problems are:

Sign up for DoNotPay today and get help with your bank account fraud case.

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