A friend got a check “washed” that had been mailed in a drop box, altered, and cashed.
Needless to say, they didn’t even conceive of such happening.
I suggested a few follow ups on what to do.
First and foremost, immediately file a police report.
He’d notified bank and changed accounts Updated on the credit reporting agencies (transunion, experian, equifax, etc).
Then, he’s going to notify all the places he hold accounts.
I think IMHO the banks should have the ability for account holders to “pre post” the checks they write with the check number and amount. In effect, “write” it twice — once on paper and once on line. Then if the check gets altered, the bank will no to reject it. Seems simple enough to me and would be a great “value added service”. I’d think it would be real popular with business. After all the bank’s bill pay is almost that already.