Safeguarding against fraud

What do I need to do?

When you are paying a cheque into your building society account do not make the cheque out simply to Saffron Building Society. Please make the cheque payable to the person to whom the money is being paid, in the payee line (for instance J.Smith).

Why do I need to do this?

The rules for accepting cheques at banks and building societies are changing from 30 September 2006, in order to safeguard against fraud on accounts. After this date, if you try to deposit a cheque in a branch, or by post, made payable to a bank or building society, the cheque will be returned to you.

When should I start?

You should start immediately because it is the best way to protect your account against fraud.

Any questions?

If you have any questions please give us a call us on 0800 072 1100.