On August 26, 2019, the FDIC published a consumer
news article related to the risk of fake bank checks. Although a bank
check is typically considered safer than a personal check, there are
certain scams that target potential victims. The article explains
certain scams in detail, and some of the steps involved in spotting a
fake check, including:
- Double checking the financial institution listed on the check is real
- Calling the financial institution that supposedly issued the check to verify
- Understanding why you are receiving the check
- Reviewing the address where the check came from
- Reviewing the amount and security features on the check
To read the full article, please see: Consumer News for August 2019