At Northern Bank, protecting you and your business from fraudulent activity is a top priority. That’s why we strongly encourage everyone – especially small business owners – to download our quick guide to preventing fraud.
To better protect small businesses, Northern Bank only allows business owners to authorize the following:
- Wire transfer limit increase
- Credit Increase or ACH (aka Direct Deposit)
- Direct Pay
- Electronic Check
We’ve also compiled a few measures small business owners can take to protect their business:
- Limit who can authorize certain electronic transfers, wires, change of address, phone number and authorized signers on the bank account.
- Beware of Business Email Compromise (BEC). These are fake email messages that appear to come from a real bank or vendor (often the result of hacking).
- Never change financial information – such as payments – based on an email from a bank or vendor. Always call the bank or vendor to confirm changes.
Questions? Contact our Business Support team at BusinessSupport@nbtc.com or 781-569-1596.