Can someone steal your life insurance policy?
Having both your routing number and account number gives an unauthorized person the essential technical details required to initiate automated clearing house transactions or print fraudulent checks. Because these two numbers are standard components found on every personal check, they represent the key data points used for both legitimate and fraudulent bank transfers. If compromised, a malicious actor can attempt to draw funds from your checking or savings account. Protecting yourself requires constant vigilance, including setting up instant text or email notifications for any account withdrawals, reviewing bank statements line by line every month, and contacting your bank immediately to freeze the account if unauthorized transfers appear.
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