Council declines WesBanco Positive Pay service after recent fraud; will revisit if issue recurs
Summary
Following recent fraudulent activity on a WesBanco checking account, council discussed adding Positive Pay at $20/month per account (22 accounts) but voted unanimously to decline the service at this time.
Council discussed recent fraudulent activity on a checking account at WesBanco and considered adding ACH/Check/Payee Positive Pay protection at $20 per month for each town account (22 accounts). After discussion about fees and the potential for missing business-and-occupation tax by not using a local bank, Councilor Charlene Louk moved to decline the service for now; the motion was seconded by Councilor Karen Phillips and passed unanimously.
The minutes record the council's rationale as balancing fraud protection against recurring monthly costs across 22 accounts. "There was fraudulent activity on a checking account at WesBanco last week and it was suggested to add this service to each account at $20/month/account," the record says. Council will reconsider if similar issues arise in the future.
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