Bank Drop

A bank drop refers to a criminal activity where an individual or a group uses a legitimate bank account to receive funds from fraudulent or illegal sources. The process typically involves the creation or acquisition of a bank account in someone else’s name without their knowledge or consent. Once the account is set up, the fraudsters direct the illicit funds to be deposited into this account, usually through various fraudulent schemes or scams.

The purpose of a bank drop is to create a layer of anonymity for the criminals, as the funds pass through a legitimate financial institution, making it difficult to trace the illegal activities back to the perpetrators. The fraudsters then typically withdraw the funds quickly or funnel them to other accounts to further obscure their origin. Bank drops are commonly used in identity theft, money laundering, and other forms of financial fraud, enabling criminals to exploit the banking system to conduct illicit activities while minimizing the risk of detection and linking funds to their true source.