Fraud expert here: How does validating the balance and checking the owner's identity help? When someone's identity and bank credentials are sold (~$15-$300) it

Fraud expert here: How does validating the balance and checking the owner's identity help? When someone's identity and bank credentials are sold (~$15-$300) it's usually very inclusive. MMN, DOB, SSN, previous residences, balances, cards attached to the account, security questions... It's not like people are just selling numbers from a check they found on the sidewalk.