How to Report Suspected Bank Fraud


Bank fraud, often tied to identity theft, is becoming more prevalent as technology provides more sophisticated methods of financial access. Protect yourself by keeping your banking information, such as passwords and account numbers, safe and by checking your bank statement carefully each month. If you suspect your bank account is being used by unauthorized persons or if charges you don't recognize turn up on your statement, there are several reporting agencies you can turn to for information and help.

  • Report any suspected theft to your bank. They will ask you to verify legitimate purchases. In most cases, they will refund your money and any overdraft fees generated by the illicit activity. If the theft is significant, the bank will institute a criminal investigation.

  • Report the incidents to the FBI. The FBI investigates consumer fraud and tracks incidents of theft in a national database.

  • Contact your state's Office of the Attorney General. Reporting to the attorney general's office gives your state's agencies valuable information to combat sources of fraud.

  • Report the fraud to the Federal Trade Commission (FTC). The FTC analyzes nationwide theft reports for criminal patterns that are used by investigative and prosecuting agencies.

Tips & Warnings

  • Subscribe to a credit reporting agency to keep track of everything that happens on your credit report.
  • Some banks send text or email alerts when your account is being used. Explore your banking options to see if signing up for this feature is right for you.

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