If you can answer "YES" to any of the following questions, you could be involved in a FRAUD or about to be SCAMMED
- Is the CHECK from an item you sold on the Internet, such as a car, boat, jewelry, etc.?
- Is the amount of the CHECK more than the item's selling price?
- Did you receive the CHECK via an overnight delivery service?
- Is the CHECK connected to communicating with someone by email?
- Is the CHECK drawn on a business or individual account that is different from the person buying your item or product?
- Have you been informed that you were the winner of a LOTTERY, such as Canadian, Australian, El Gordo, or El Mundo, that you did not enter?
- Have you been instructed to either "WIRE", "SEND", or "SHIP" MONEY, as soon as possible, to a large U.S. city or another country, such as Canada, England, or Nigeria?
- Have you been asked to PAY money to receive a deposit from another country such as Canada, England, or Nigeria?
- Are you receiving PAY or a COMMISSION for facilitating money transfers through your account?
- Did you respond to an email requesting you to CONFIRM, UPDATE, or PROVIDE your account information?
Counterfeit Cashier's ChecksOver the last year, there has been a steady rise in the occurrence of counterfeit cashier's checks. Just because it is a cashier's check, do not assume that it is safe. Cashier's checks are now counterfeited almost as often as currency and personal checks. Counterfeit cashier's checks are often used in scams to gain the victim's trust.
Counterfeiting Your AccountsAnother type of check fraud is when the scammer counterfeits your personal checks and therefore assumes your identity to make purchases. Watch this brief video to see new features the were added to checks ordered on or after July 28, 2014 to protect against fraud and counterfeiting:
- If you cash or deposit a cashier's check that is later found to be counterfeit, YOU are responsible for returning those funds to the bank where it was cashed. If it is questionable, ask the teller before you cash or deposit it.
- Just because a bank teller cashes a cashier's check does not mean that it is good. Even if it is found to be counterfeit weeks later, you are responsible for returning the funds. Be especially wary of cashier's checks that appear to be from banks outside your local area.
- Do not respond to unsolicited emails.
- Be particularly wary of cashier's checks that appear to come from a Canadian bank or another country.
- If a cashier's check is suspicious, call the issuing bank to verify it. Do not use information printed on the check to contact the bank, instead ask your bank or telephone directory assistance for help in locating the legitimate phone number.
- If accepting a personal check or cashier's check of which you are suspicious, consider asking the giver to put their thumbprint on the check itself. This will help law enforcement later if the check turns out to be bogus.
- Safeguard your account numbers. Guard your checks very closely. If you must store old checks, do so safely. Never just throw away old checks, always burn or shred them.
- Report lost or stolen checks immediately.
- Guard your ATM PIN and ATM receipts. Shred old cards and receipts.
- Use OVB Bill Pay to eliminate paper bills coming to your mailbox. These bills often include account numbers. Stealing mail is a common method that scammers use to steal your identity.
- Remember, if it seems to good to be true, it probably is a scam. Be skeptical if you are told that you won a sweepstakes or foreign lottery. Be cautious in every financial deal you make.