April 10, 2013 -- Sturgeon Bay, WI
Baylake Bank is alerting the public of a remotely created
draft scam that is causing unauthorized withdrawals on accounts,
and seems to be affecting customers at various area financial
institutions as well as throughout the country.
A remotely created draft is a paper item that utilizes customer
account information, and works very much like an automated
clearing house (ACH) transaction to transfer money. The paper
item being received is fraudulently withdrawing money from the
account, and can only be noticed when account activity is
reviewed by the customer. Most of the scam withdrawals reported
to date have been in the amount of $29.95 under one of the
following payee names: Web Service, Global One World System, Web
Entertainment, World Entertainment or Web World.
Baylake advises members of the community to monitor their
accounts frequently, and if you believe your account has been
affected to proceed immediately with the following:
(1) Do not attempt to call the number on the remotely
(2) Contact your bank. If you are able to print an image of
the questionable draft, please bring it into your financial
(3) Contact your local law enforcement agency and report
that you may be a victim of fraud.
“We work to safeguard our customers through every means
possible, including helping our customers understand ways to
protect themselves,” explained Security Officer Dennis McIntosh.
“However scams like this one require
that our customers be even more diligent in monitoring their
accounts for unauthorized activity. We want to warn the public
so it doesn’t happen to them.”