Reader Sean got a package with a (presumably fake) check for $4,500. Someone from Craigslist wants him to cash the check and for his trouble, he gets to keep 10%!
Check-altering criminal mastermind Frank Abagnale has five ways to lockdown your checking account and secure your identity. Check fraud isn’t an anachronistic threat like Communism. Determined thieves can easily use your checks to steal your cash and your identity. Here’s how to stop them…
Meet Charles Ray Fuller, 21, of Crowley, TX. He was arrested on April 22 after allegedly trying to pass a check for $360 billion at a Forth Worth Chase bank.
Commenter annelise13 writes:
My husband and I recently received a letter from Charles Schwab about our account. It refers to a check they sent us last year for the grand total of $.01. Yes, that’s one cent. A single penny. I never cashed the check, having found it funny that they wasted a stamp to send us such a tiny amount. I tacked it up on the fridge for a few months to amuse myself, and eventually tossed it.
Don’t say we never printed anything nice about you, BoA. One of your customers just had an experience with you that—despite still having an overdraft fee of $20 to pay—has left her feeling pretty good about you.
Nicholas wrote in with a scary problem: his paycheck, which he deposited at his local branch of PNC on Saturday, never showed up in his bank account. The teller seemed to have difficulty processing the deposit, but the slip he gave to Nicholas showed the check had been processed.
This morning, Mary logged onto her USAA bank account to check her balance and was surprised to find that her rent check had been cashed twice while she was asleep. She was eventually able to get through to a human and get the problem addressed, but it wasn’t easy. And she may not have been the only one affected.
Reader Aaron writes in to complain about a “scam” that he can’t believe is legal. Many of you know about this little marketing tactic, and we’ve written about it before, but some of you probably do not.
With high-quality printers are widely available at the consumer level, check counterfeiting is on the rise, usually in conjunction with “advance fee scams,” where someone is tricked into cashing an overpayment of some sort and then sending the remainder to another address, reports the Seattle Post-Intelligencer. Then by some machination or another, the overpayment turns out to be fraudulent and the scammer vanishes. The image above shows various security features to look for when evaluating a check’s verisimilitude.
Reader Larry writes in with a complaint about a commonly used “scam.” We call it a “scam” because we believe it’s misleading and designed to take advantage of people who do not read things carefully, but you judge for yourself. Here’s how it works:
How does Frank Abagnale, an infamous check forger in the 60’s, protect himself from modern day identity thieves?
We have more than a passing interest in customer service over here, so it always amuses us when a company loses a customer simply because they’re too stubborn to apologize for messing up.
Old-fashioned check fraud is coming back into style as banks tailor their anti-fraud efforts to safeguard internet commerce. Check fraud cost banks almost $1 billion in 2005. The LA Times took the time to test the effectiveness of one resurgent scheme, check washing:
In a test at The Times — following directions supplied by a local security expert — the writing in the “Pay to the Order,” “Dollars” and signature areas on a check was dissolved in less than 15 minutes. Printed information — including the bank routing numbers and the name and address of the account holder — remained intact.
Reader DudeAsInCool got an apology from Walgreens and a $20 coupon after submitting his complaint over the hassle he was put through when trying to pay with a check. Somehow the who/what/when/why/where/how of his purchase tripped Walgreen’s check verification service, Certegy, and he had to go through a ridiculous phone call in order to get his check cleared.