Banks should ensure wire transfer fraud isn’t easy money

More people are concerned about the safety of their money ensconced in financial institutions after the collapse of Silicon Valley and Signature banks, a Gallup poll released in May revealed. Those worries are likely to intensify if banks fail to provide a safety net to prevent wire transfer fraud. (stock.adobe.com)

For most of the last century, Americans have felt a sense of security placing their money in banks. 

That trust is waning. Nearly half of bank patrons surveyed expressed concern about the safety of their money ensconced in financial institutions after the collapse of Silicon Valley and Signature banks, a Gallup poll released in May revealed.