Home

S/o check fraud -- can someone please explain?

 
Post new topic   Reply to topic    Forum -> Household Management -> Finances


View latest: 24h 48h 72h

imasinger




 
 
    
 

Post Thu, May 25 2023, 5:12 am
I'm an arts person, and my pay is usually sent electronically, or checks/cash handed to me personally, and electronically deposited, so this world of rampant check fraud is unfamiliar to me.

But I don't get it.

When a person sets up an account, the bank puts their signature on file.

Why would they bother with that if the signature never gets checked? And how hard is it to check it? It probably doesn't even need to be done manually at first.

And, in this day and age, what are banks doing to improve the system?
Back to top

kgh180




 
 
    
 

Post Thu, May 25 2023, 5:34 am
Checks are being stolen from USPS mail boxes in my neighborhood and then the checks are washed and made out to someone else in a different amount.
Back to top
Page 1 of 1 Recent Topics

View latest: 24h 48h 72h


Post new topic   Reply to topic    Forum -> Household Management -> Finances

Related Topics Replies Last Post
Finances of large families. Explain
by amother
24 Today at 11:15 am View last post
Do seminaries disqualify someone who went to therapy?
by amother
43 Yesterday at 8:14 pm View last post
ISO someone to teach to swallow pills
by amother
49 Thu, May 25 2023, 10:29 am View last post
Send flowers to someone in Bnei Brak
by amother
3 Mon, May 22 2023, 11:43 pm View last post
Baby gift for someone who literally has everything
by amother
18 Mon, May 22 2023, 12:20 pm View last post