Questions? Need Help?

Beulah office:
(231) 882-4462

Benzonia office:
(231) 882-4476

E-mail:
online@icentralstatebank.com

Sheila

Sheila

How to Protect Your Business

  • Reconcile daily/monthly (including separation of duties between who issues payment versus who reconciles)
  • Separate controls for your business Online Banking.  Use one computer to create online payments; have a second user approve those payments from a different computer.
  • Initiate ACH and wire transfer payments under dual control, with a transaction originator and a separate transaction authorizer.
  • If possible, carry out all online banking activities from a stand-alone, hardened and completely locked down computer system from which e-mail and Web browsing are not possible.
  • Immediately escalate any suspicious transactions with the bank. There is a limited recovery window for these transactions and immediate escalation may prevent further loss by the customer.