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Counterfeit Bank Checks
tallcharlie
Member Posts: 673 ✭✭✭✭
The latest thing in scams is couterfeit bank checks. I.e., bogus certified and cashier checks.
The problem is that it often takes as long as four (4) weeks for the fake to be detected and returned. By then, you've probably spent a lot of the money, and when your account is debited by your bank, you'll be bouncing checks, too.
On the other hand, personal checks clear or bounce within seven (7) working days. If a forged personal check is honored by the originating bank, it is thereafter their responsibility; they cannot come back and take the money from your account later.
Unfortunately, now we can't simply send a gun when the bank check arrives. We've got to call the originating bank to see if the check is genuine. So now we've got to add the cost of a long distance telephone call unless we've got unlimited cellular service.
Has anyone had any problems with bogus bank checks yet?
The problem is that it often takes as long as four (4) weeks for the fake to be detected and returned. By then, you've probably spent a lot of the money, and when your account is debited by your bank, you'll be bouncing checks, too.
On the other hand, personal checks clear or bounce within seven (7) working days. If a forged personal check is honored by the originating bank, it is thereafter their responsibility; they cannot come back and take the money from your account later.
Unfortunately, now we can't simply send a gun when the bank check arrives. We've got to call the originating bank to see if the check is genuine. So now we've got to add the cost of a long distance telephone call unless we've got unlimited cellular service.
Has anyone had any problems with bogus bank checks yet?
Comments
Pete
Also, be sure you DO NOT call the phone number on the check!
First, call information (for a fee), then call the number they give you.
safe, as long as you take it to the Post Office to cash it. If it's good, you get your money. If it's not, you keep the item you sold.
Counterfeit bank checks have been often used to buy vehicles that were advertised in Auto Trader type magazines. The buyer shows up late Friday evening after the banks are closed, or on Saturday. The buyer just happens to have a bank check already in the asking amount and 'buys' the vehicle. The seller signs over the title and everyone seems happy.
That is until the check bounces back as counterfeit. By that time, the 'buyer' has already transferred the title, sold the vehicle, and is long gone.
NEVER take a check from someone you don't know and trust. Any check is only a promise. (We all know what a promise is, lol) A person gives you a check and promises the money will be in the bank when you cash it. When you accept a check, you're doing the same thing as loaning the person the money for a few days.
Would you give them the vehicle, gun, or whatever, and let them come back the next day or in two or three days and pay you cash for it??
NO?? Well, when you accept a check, that's exactly what you're doing!
NEVER take a check unless you know the person, where he lives, and you can whip his * if it's bad!
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