To me, the surprising thing is that they managed to get the bank transferred to the "correct" fraudulent accounts.
If you send an existing customer another invoice, but with a changed bank account number, chances are that the money goes to the same bank account as they used previously. Even if you explicitly add a note about the changed account number, chances are still very high that they use the old one.
I freelance and just moved, trying to get accounting departments to send checks to the correct address is worse than pulling teeth. Even after making large notes about the address changes and emailing them repeatibly. I should figure out how this guy managed to do it ;)
New Zealand also recently got ATMs which can process checks.
I can assure you that checks are basically dead in New Zealand. I'm 30 and I've never owned a checkbook. The only checks I ever see are birthday money from my grandparents.
Most shops haven't accepted checks for years.
Almost everything these days is done with direct bank transfers.
cheques are gone in the UK. You don't get a cheque book with accounts by default anymore, I guess those ATM's are leftover from when cheques where cool.
They where due to be phased out entirely by 2018, but it seems like that's been extended a bit.
Agree. In my company it is practically impossible to change vendor account details without going through a lot of process and paper work. Suggests controls in these tech companies are surprisingly poor.
If you send an existing customer another invoice, but with a changed bank account number, chances are that the money goes to the same bank account as they used previously. Even if you explicitly add a note about the changed account number, chances are still very high that they use the old one.