- What is a fake check scam?
- What are the warning signs?
- What are the most common types of fake check scams?
- How can I tell if a check or money order is counterfeit?
- How do the scammers find victims?
- If I can get the cash, doesn't that mean the check or money order is good?
- Why can’t my bank, credit union, or check cashing service tell if the check or money order is good?
- Why do the scammers want cash to be sent using a money transfer service?
- How much could I lose in a fake check scam?
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6. If I can get the cash, doesn’t that mean the check or money order is good?
Federal law requires banks and credit unions to make the funds you deposit available quickly, usually within five days, depending on the type of check or money order. Just because you can withdraw the money doesn’t mean the check or money order is good. It can take weeks, even months, for counterfeits to be discovered.
