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Robberies and Other
Thefts |
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Stolen funds may be covered by what's called a banker's blanket bond,
which is a multi-purpose insurance policy a bank purchases to protect itself from fire,
flood, earthquake, robbery, defalcation, embezzlement and other causes of disappearing
funds. The banker's blanket bond ensures that customer's funds are protected under those
circumstances.
If, however, a third party somehow gains access to your account and transacts
business that you wouldn't approve of, you must contact the bank and your local law
enforcement authorities, who have jurisdiction over this type of wrongdoing.
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