Check Kiting Rider

The Check Kiting Fraud Rider amends the Bond to provide protection for check kiting losses.

Sample Rider
Coverage Summaries of Bond Riders

Claims Example
  • A customer maintains a business checking account at Bank A and a personal account at Bank B. Over a period of several months, the customer frequently deposits large checks into his personal account, drawn against his business checking account. Immediately following a deposit, the customer returns to Bank A and deposits checks from Bank B. These deposits are performed every two or three days. The customer then periodically withdraws cash from these overlapped accounts as the balances became large.

 

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