Cheque fraud

Not many people use cheques these days, but cheque fraud is still prevalent.

Consider the following tips to help reduce cheque fraud:

• Keep your chequebook in a safe and secure place
• Never pre-sign cheques
• When mailing cheques, cross the cheque 'Not Negotiable' and send it in a plain envelope without a window
• Use a pen or felt tip pen to write on your cheques, never pencil
• Bank Cheques should not be considered as good as cash
• Don't accept cheques in excess of the agreed price where you are asked to transfer/deposit the balance to a specific account

For more information on cheque fraud visit the Australia Competition and Consumer Commission's Scam Watch website.