Funds Transfer Fraud Insurance
Coverage that may help when business funds leave through a fraudulent wire or ACH transfer, changed bank instructions, or a redirected payment.
- Veteran-Owned
- Florida Experts
- Real Agents
- Coverage Review
- Veteran-OwnedIndependent agency
- 100+ Years CombinedCommercial expertise
- Florida-ResidentDeLand, FL office
- 24-Hour COIsMost certificates same business day
What funds transfer fraud is
Funds transfer fraud is the movement of money out of your accounts through fraud — a forged or fraudulent instruction to your bank, a compromised online banking session, or a payment sent on instructions that turn out to be fake.
How the transfer was triggered shapes which coverage responds. A purely unauthorized transfer and a transfer an employee was deceived into approving can fall under different parts of a cyber or crime policy.
How coverage may respond
- Fraudulent wire
A wire is sent on forged or fraudulent instructions.
- ACH fraud
Unauthorized ACH debits pull funds from a business account.
- Changed instructions
A legitimate payment is redirected by altered bank details.
- Online banking takeover
A compromised banking login is used to move funds.
Read the wording, not just the price
Funds transfer fraud may be addressed on cyber or crime policies, sometimes with sublimits and conditions such as call-back verification or dual approval. Coverage for socially engineered transfers can sit under a different endorsement. Whether a specific loss is covered depends on the policy wording, endorsements, sublimits, exclusions, and any verification procedures the carrier requires. First Commercial reviews those terms with you before a loss happens.
How First Commercial helps
Coverage reviewed before the loss — not after
We compare the wording, endorsements, sublimits, and exclusions that decide whether a loss like this is covered, and we look at how your business approves payments, pays vendors, and stores data. Veteran-owned, Florida-focused, and real agents answer the phone — so you understand what you are actually buying before you need it.
Talk to an agent about cyber and fraud exposure
We compare coverage, exclusions, sublimits, and fraud endorsements — not just price.
Common claim examples
- A criminal submits a forged wire instruction using stolen letterhead.
- Altered remittance details send a real payment to the wrong account.
- Unauthorized ACH withdrawals drain a business checking account.
- A hijacked online banking session initiates an unexpected transfer.