Demand Deposit Account (DDA) Fraud

Demand deposit account fraud involves any type of fraud related to demand deposit accounts. It can take many forms, since DDAs have multiple access points–online, mobile, and ATM. When it occurs with debit cards, a fraudster steals or skims a physical card or uses a phishing scheme to steal a PIN, and then drains the funds in the DDA account. When DDA fraud occurs with checks, a bad actor empties the account by forging a check endorsement or carrying out a check kiting scheme.