Financial account monitoring: Get alerted with Coveron
Monitor your accounts for financial security risks.
Get daily alerts about changes to your accounts.
Know when new financial account events occur.
What is financial account monitoring?
Financial account monitoring allows you to track your financial accounts and spot any updates or changes made, like new account inquiries, added signers, and changes to personal information. It helps you stay alert and protects you from unauthorized data exposure.
With Coveron, you can easily set up financial account monitoring and automatically receive alerts when it detects new suspicious activity related to your banking information.
How does financial account monitoring work?
As part of Coveron’s identity theft protection service, financial account monitoring continuously checks your financial details to spot financial irregularities, like additions of account signers and holders, attempts to open new financial accounts, and pending opening requests. Financial account monitoring covers checking, savings, business, certificate of deposit (CD), and IRA accounts, acting as a flexible threat detection service.
To get started with financial account monitoring, you need to provide your name, date of birth, address, and Social Security number (SSN), and complete a quick verification process. It ensures enhanced security for your financial accounts and helps you react to potential threats more efficiently.
Why is financial account monitoring important?
Financial account fraud is one of the hardest types of identity fraud to detect. If a person’s financial information is breached and accessible to criminals, they can open a new account to funnel funds from the existing account, breaching the victim’s financial security. Information tied to financial accounts is highly sensitive, including full legal names and Social Security numbers. If breached, this information can also be used for crimes like identity fraud and cyber extortion, loan fraud, or credit card fraud.
Financial account monitoring helps detect cases where the user’s personally identifiable information was used to open new accounts or make changes to their existing accounts. Using the information provided by financial account monitoring, it’s easier to tell whether financial account activity is legitimate or fraudulent.
Benefits of Coveron’s financial account monitoring
Explore the benefits of Coveron’s financial account monitoring:
24/7 monitoring
Financial account monitoring is an easy, hands-off way to track your financial activity. Coveron takes care of the bank account activity checks — no manual work needed on your end.
Timely alert
Don’t let financial breaches go unnoticed. Coveron continuously monitors your financial accounts, including newly opened accounts and inquiries, and sends you alerts immediately once it detects suspicious activity.
All-rounded personal security
With Coveron’s extensive security features, you get comprehensive protection for your personal data. Set up dark web and credit monitoring, get security alerts when your data is compromised, and receive identity theft recovery support.
What kind of financial account monitoring alerts do you receive?
Coveron follows and alerts about different types of financial account activity:
A new application is submitted for a checking or savings account.
How to get Coveron with a financial account monitoring feature
Improve the security of your personal information easily with Coveron.
2. Setup monitoring
Verify your ID to access financial account monitoring and activity alerts.
3. Recover your identity
Receive support at every step of account recovery with online fraud insurance.