#banking-security

#banking-security

Voiding a check might seem like a small task, but it carries financial and security implications. Many people void checks when setting up direct deposit, paying bills automatically, or linking a bank account to a new platform. However, mistakes in the process can lead to lost time, rejected forms, or even fraud. Understanding how to void a check correctly and what not to do can save you from unnecessary headaches.

I provided passport details in good faith to HSBC as it was necessary for identification before opening up a business account. Now I'm worried that money will be taken out of the company account by crooks, with the third-party platform having been hacked. Worse, that my passport details could be sold on the dark web. I had reservations about providing ID proof in the first place because cyber attacks are now so prevalent but you put your trust in the banks to get online security right, first

"I am very nervous about this. A thing that terrifies me is apparently there are still some financial institutions that will accept a voice print as authentication for you to move a lot of money or do something else."