Explore This Section

Compliance Corner: Fourth Quarter 2007

Compliance Alert: New Federal Reserve Consumer Publication: 5 Tips for Protecting Your Checking Account

On October 24, 2007, the Board of Governors of the Federal Reserve System announced the availability of a new consumer publication titled 5 Tips for Protecting Your Checking Account. The publication provides these helpful tips to consumers to protect their checking accounts:

  1. Don't give your account number and bank routing information to anyone you don't know.
  2. Review your monthly statement.
  3. Notify your bank about any problems as soon as possible.
  4. If you don't have enough money in your account, don't write the check or authorize the debit.
  5. Know your rights under consumer protection laws.

The full publication is available on the Board's website External Link and in pdf format.External Link Banks may order copies of the brochure for distribution to their customers at the following address: www.federalreserve.gov/pubs/order.htm.External Link

The views expressed in this article are those of the author and are not necessarily those of this Reserve Bank or the Federal Reserve System.