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Fake checks might look like business or personal checks, cashier’s checks, money orders, or a check delivered electronically. Here’s what to know about fake check scams. Types of Fake Checks Scams; Why Do These Scams Work? Fake Checks and Your Bank; How To Avoid a Fake Check Scam; What To Do If You Sent Money to a Scammer; Report Fraud
Learn how to spot a fake check and how to protect yourself from fake check scams with these tips.
Here are three of the most common scams, and tips on how to detect whether or not you are being scammed. In these examples, the check recipients are told that they won a lottery—perhaps in a foreign country—or that they are entitled to receive an inheritance.
In a fake check scam, a person you don’t know asks you to deposit a check – sometimes for several thousand dollars and usually for more than you are owed — and send some of the money back, often by wire transfers or gift cards, to them or another person.
Here are three steps that can help you avoid fake check scams. Step 1: Know the common fake check scams. The key to these scams is that you’re asked to act quickly, deposit a fake check, and send back a portion of the funds before your bank can spot the fraud.
How To Spot, Avoid, and Report Fake Check Scams July 29, 2022 Fake checks might look like business or personal checks, cashier’s checks, money orders, or a check delivered electronically.
Scam artists are using sophisticated technology to create counterfeit checks that mirror the appearance of legitimate checks. Some are counterfeit money orders, some are phony cashier’s checks and others look like they are from legitimate business accounts.