Which of the following is a red flag for new bank account fraud?

• A. A customer leaves out requested information on the account application
• B. A customer lists a mail drop as the account's mailing address
• C. A customer requests a large cash withdrawal immediately after opening the account
• D. All of the above

Answer: (D)

A red flag for new bank account fraud shows up when behavior around opening an account signals attempts to avoid verification, conceal identity, or move funds quickly. Leaving out requested information on the application makes it hard to verify who the customer really is, which can hide identity or misrepresentation. Using a mail drop as the mailing address raises suspicion because it hides the customer’s true location, making contact and verification more difficult. Asking for a large cash withdrawal right after opening the account is unusual and suggests rapid movement of funds, which can indicate illicit activity or attempts to evade controls. Taken together, these behaviors span multiple fraud indicators, so choosing the option that includes all of them is the best answer.