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AussieWog93 | 2 years ago

Looks like 50% of those scams could be eliminated simply by the general public not accepting cheques.

I don't think I've seen one here for at least a decade and a half, same for signatures with credit cards.

discuss

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duskwuff|2 years ago

Absolutely - or if the check clearing process made it more obvious to customers that a check hasn't cleared yet, possibly even by not making funds available for checks drawn on dubious banks until the check has fully cleared.

carstenhag|2 years ago

Similar scams are done in Europe, where checks are almost-extinct. Sorry, scammers will always find a way

gambiting|2 years ago

How though? A direct bank transfer in Europe is nearly completely impossible to reverse, once you have money in your account it's staying there.

lapetitejort|2 years ago

Until bank-to-bank 0% fee services like Zelle become more popular, checks are still the best way to pay someone a significant amount without a chunk getting taken out as debit/credit fees.

Spivak|2 years ago

Thankfully people these days know that checks that aren't cashier's checks are nearly worthless. I wish more people verified the check over the phone before accepting it but it's a start.