Cashier's Checks

Cashier's Checks can’t be fraudulent, can they? Absolutely!

Fraudsters use Cashier’s Checks because they are seen as safe and guaranteed. Fraudsters do this by washing checks, using software to create their own check, or altering a legitimate check. Here are signs to beware of:

  • Were you asked for a portion of the cash back? – Fraudsters frequently state overpayment of a cashier’s check and then request a return of funds.
  • Do you know where the check came from? – Who gave you’re the check? Can you confirm this is a legitimist payer?
  • Confirm the phone number - An accurate and visible Bank issued phone number should be visible on the check.
  • Check the amount – Fraudulent checks acare often written exceeding the determined amount.
  • Payee’s name – This should be printed on the check by the bank teller. It should not be handwritten or blank.

If you are unsure if a check is legitimate, its always a good idea to call or visit the bank before cashing or depositing a cashier’s check. If you fall victim to this type of scam, report it immediately to the bank where you deposited the check and the supposed bank who issued the check.