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Bank fraud is the use of potentially illegal means to obtain money, assets, or other property owned or held by a financial institution, or to obtain money from depositors by fraudulently posing as a bank or other financial institution. In many instances, bank fraud is a criminal offense.

Types of bank fraud

  • Stolen checks
  • Check kiting
  • Forgery and altered checks
  • Accounting fraud
  • Uninsured deposits
  • Demand draft fraud
  • Rogue traders
  • Fraudulent loans
  • Fraudulent loan applications
  • Forged or fraudulent documents
  • Wire transfer fraud
  • Bill discounting fraud
  • Payment card fraud
  • Booster checks
  • Stolen payment cards
  • Duplication or skimming of card information
  • Empty ATM envelope deposits
  • Impersonation
  • Prime bank fraud
  • The fictitious ‘bank inspector’
  • Phishing and Internet fraud
  • Money laundering