Offline identity fraud occurs more often than online fraud, and features of
electronic banking actually make your finances more secure.
Not exact matches
Or, an
electronic deposit from another
bank may or may not qualify as the required monthly ACH transaction; i.e., you may or may not have to
actually set up a recurring automatic deposit or a recurring automatic payment.
Because in the past some of these companies have
actually stolen their client's settlement money, these days they often only collect directly from you their «fee» (up front, of course, and usually by automatic
electronic transfers from your
bank account).
Easy
electronic bank statement imports could
actually leave a firm's books in better shape coming out of a system migration than before they started the process.