As many as 17% of consumers experienced fraudulent bank account activity in 2017, up moderately from 15% the previous year.
Of those affected, 15% experienced five or more fraudulent incidents in the 12-month period, and 9% reported switching banks in response. Still, a clear majority of consumers, 92%, were satisfied with how their financial institution handled fraudulent activity, and 25% said surveillance video was used to help resolve the incident.
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CashCo is now working with a new payment processor, which will require you to provide an account number and zip code before submitting your payments.
Your account number consists of your 8-digit date of birth plus the last 4 digits of your Social Security number. For example, if your birth date is April 1, 1983, and the last 4 digits of your SSN are 1234, you would enter: 040119831234