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Y-12 News > Fake Check Scam Alert
Fake Check Scam Alert

Fake Check Scam Alert
Posted on 9/24/2018

We have learned there are counterfeit copies of our cashier’s checks being distributed as part of a scam. Please use caution when accepting checks, particularly from someone you do not know. 

There are several variations of fake check scams that usually begin when someone is offering to:
  • Buy something you advertised for sale
  • Pay you to work from home
  • Give you an “advance” on a sweepstakes or you’ve won
  • Give you the first installment on the millions you’ll receive for agreeing to transfer money to a foreign country to your bank account for safekeeping
Here are several tips to prevent fake check scams:

Even if the check has “cleared”, you may not be in the clear. If you have questions about whether or not a check is good, contact the Credit Union. Be sure to explain the source of the check, the reasons it was sent to you, and whether you are being asked to wire money back.

Don’t be fooled by the appearance of the check. Scammers are using sophisticated technology to create counterfeit checks that mirror the appearance of legitimate checks from legitimate businesses. This includes money orders and cashier’s checks.

Never ‘pay to play’.  There is no legitimate reason for someone who is giving you money to ask you to wire money back or send you more than the exact amount – that is a red flag that it’s a scam.
Do not respond to online solicitations for “easy money”.  Social media scams may offer “quick ways to earn extra cash”, but keep in mind that easy money is rarely legal money.

Verify the requestor before you wire or issue a check. It is important to know who you are sending money to before you send it. Just because someone contacted you doesn’t mean they are a trusted source.

Report any suspected fraud to the credit union immediately.  Our employees are experts in spotting fraudulent checks. If you think someone is trying to pull a fake check scam, don’t deposit it – report it.