Won’t banks replace my stolen funds?

Banks investigate theft from accounts, and often replace funds when they can determine a legitimate theft. Investigations can take weeks or months, depending on the circumstances.

If you have a trust account, it can be a slow and painstaking investigation. The worst part is that you have to replace stolen funds within 24 hours.

While a bank investigation proceeds, you will not have your stolen funds replaced until a final report is completed. If you cannot cover the missing funds – unlikely if thieves have had access to all of your accounts – you’ll be left without cash for an unknown period of time.