Timeline for Why, in case of a check scam, am I the responsible one and not the bank?
Current License: CC BY-SA 4.0
3 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Mar 31, 2019 at 3:09 | comment | added | Ben Voigt | @user71659: Not exactly. There's an additional weirdness in that the bank holds the accountholder responsible, not the person presenting the item for deposit. In most cases they don't even determine the identity of the person presenting the item. | |
| Mar 31, 2019 at 0:20 | comment | added | user71659 | Actually no. By depositing the check you are providing a warranty to the bank that the you are authorized to cash it and it is not fraudulent. You are liable for any damages the bank incurs, including interest on any money you received. This is why you pay a returned items fee. See UCC 3-417, or this text. | |
| Mar 31, 2019 at 0:05 | history | answered | gnasher729 | CC BY-SA 4.0 |