If a checking account customer fails to report a series of forgeries or alterations by the same wrongdoer on the same account within 30 days from receiving the monthly statement of account, then the bank is discharged from liability on all similar forged or altered checks after that date and prior to notification.

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This statement is known as the 30-day rule for reporting forgeries or alterations on a checking account. If a customer fails to report them within 30 days of receiving the monthly statement, then the bank may not be liable for subsequent similar forgeries or alterations on that account before notification.

If a Checking Account Customer Fails to Report a Series