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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.