Don't Be Victimized by Fraudulent Cashier's Checks!

Con artists have lots of tricks to seperate you from your hard earned money or to lure you into a scam. The latest trick involves the use of fraudulent cashier's checks. But you can recognize the common signs that can indicate whether a cashier's check is genuine or not.

  • It's for more than an item's purchase price. Fraudsters often invent various reasons to explain why they are spending more than the purchase amount.
  • It's from a party other than the buyer or on behalf of someone else.
  • It's from "friends" hard on their luck.
  • It's fromparties offering a quick, easy way to make extra money. If it sounds too good to be true, it is.
  • Here are steps you can take to protect yourself:
  • Consider asking your bank to send the cashier's check for collection rather than directly depositing the check into your account. Confirming the check is good is worth the extra wait.
  • Request a wire transfer rather than accepting a cashier's check.
  • Do not transfer ownership of property or use funds until you have proof that the cashier's check is not fraudulent.
  • Meet the buyer at the buyer's bank to obtain payment and transfer ownership after receiving a cashier's check directly from teh buyer's bank.