Fraud Protection Best Practices for Account Activity Reviewers

Review your account activity and reconcile your financial transactions on a daily basis so you can identify any unauthorized or unusual payments and take immediate action. Immediately notify CoBank of any unauthorized transactions by calling 1-800-255-6190.

Cash Management customers, in particular, have an obligation to monitor their transaction clearing accounts on a daily basis. Transaction clearing accounts are different from other types of accounts, such as demand deposit accounts at commercial banks. Transaction clearing accounts are generally used to disperse loan funds and to make loan payments. They are not insured by the Federal Deposit Insurance Corporation, the Farm Credit System Insurance Corporation or any other government entity, so ongoing diligence is critical.

Regularly review who has online access to your accounts to ensure authorized users are current.