I have a good employee who had a large sum of money taken from a bank account, electronically transferred overseas purchasing digital currency. Took about a week, but he got his money back, had to change all his account numbers which affects direct deposit, bill pay, credit cards. line of credit, sort of a big hassle. It got me thinking about my business accounts. My banker has been after me the last few years to use their fraud protection (it's not insurance). I did quite a bit of checking (because I hate monthly bank fees) , but I have signed up for this protection. I wanted to just sign an agreement that I would not authorize any electronic withdraw from any account ( because we write checks for all payments) , but that wouldn't work. Apparently, big companies (Blue cross, power company, gas company) scan your check and it becomes a digital electronic withdraw. So I went ahead and have signed up for fraud protection. Basically I will get an email every business day that lists the checks or electronic transfers/withdraws on my account that I must approve or reject. Vendors that I write checks to routinely will have a monthly limit set , that will be approved automatically. Bank says they have never had a fraud case with this kind of system. Otherwise it's not a question of if, but when. Personally I have had checks forged and credit card # stolen and used, but have always been re imbursed (seems you have 30 days for personal accounts). Business accounts olny give you 48 hours, so beware. Anyone else using the banks fraud protection?