Top 10 Tips for Fraud Prevention

At Redwood Capital Bank, we understand the importance of keeping your identity and financial information safe from fraud.

Utilizing online banking alerts and products such as SecurLOCK Equip and Positive Pay are just a few ways that you can take control of your financial security.

Redwood Capital Bank has developed a Top 10 list of easy steps that you can take to guard against fraud.  Click the links below for in-depth information featuring our Top 10 Tips for Fraud Prevention


Having two sets of eyes on outgoing transactions greatly reduces the chances that a payment will be sent in error or fraudulently.

With Online Banking Alerts, you can be notified anytime a transaction is posted to your account.

This free mobile app allows you to turn your debit card on or off if it is lost or stolen, set policies and receive alerts whenever your card is used for a transaction.

Update your software to the latest version and make sure your anti-malware software is current.

Never click a link or open an attachment in an email unless you are sure it is safe.

Consider using password management software on your computer or smartphone, allowing you to safely store multiple passwords in one place.

Regular monitoring of your accounts can help keep you informed about the status of your financial security.

With Positive Pay, you define the check numbers and amounts that are authorized to clear your accounts.

The longer your password, the harder it is to hack.

Implement policies and procedures for your employees that creates a strong security culture.