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08/09/2024

Money Minute: Stop writing checks

KSTP.com

In this edition of Money Minute, Paul Folger covers why money experts are saying to stop writing checks.

“No more check writing. Checks are a huge source of fraud,” said Erin Procko, the president of Twin Cities Banking Bell Bank.

Procko makes no bones about it — checks are a bad choice nowadays because when you write one, “you are giving them all of your account information.”

A check has your name, address, bank name, personal checking account number and signature.

“Even though you are giving your check to someone you trust, it might be intercepted by a criminal,” Procko adds.

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