Measures to Take If your Paycheck Stub is Stolen
Paycheck stubs are a great convenience to businesses. Having one piece of paper that has all the pertinent info about your payment and financial history is of great importance. A lot of businesses require this product because of their great significance. You will find yourself in jeopardy if an intruder manages to successfully steal your paystub. This article put lines the measures to be taken if your paycheck stub has been stolen.
You should inform your bank if your paystub check has been stolen. The safety of your financial situation will be compromised if your paystub check is lost. The first person to contact when your item is stolen is your bank. There is a possibility that your account information will be listed on your paystub when you receive a direct deposit. A thief can use this info to try and gain control of your account. Make sure you request your bank to be monitoring your account at once in case of any change. A lot of banks can temporarily freeze an account and this will prevent the thief from using your paystub to access your account.
After contacting your bank, the next step will be to contact human resources. If there was a cheque attached to your stub, there is a likelihood of the thief attempting to cash the money. Make sure you contact the Human Resource department of your employer for further guidance. You can be directly helped by someone in the HR office or they can direct you to an expert in the finance department who will be of assistance. These experts can either help you change your direct deposit info or they can put a halt to your check so that it cannot be cashed by the intruder. After you’ve ensured the safety of your account, you can obtain a new version of your paystub and check.
The last action that should be taken is the initiation of a fraud alert in the credit. It’s important you flag your credit report as your pay stub contains a lot of personal identifying information. Intruders try to use the info from the paystub to get access to a new credit card. You can deny the thief the chance if getting a new card in your name if you put a flag.
Having your paycheck stub stolen is one of the devastating feelings one can go through. Not only will your financial info be in the wrong hands if your paystub is stolen, but you will also be out of your weekly wages. If you want to take control of matters and put in the right measures, make sure you use these actions.