Say that someone gets ahold of my checking information and writes a fraudulent check from my account. Then they cash it at a check cashing store.
I notice a week or so later, call my bank, and report the check as fraudulent - so the bank attempts to reverse the money transfer due to the check.
If the check were deposited at another bank, my understanding is that it would be easy for my bank to reverse the charge as fraudulent. However, someone told me that if the check is cashed at a check cashing place, due to a specific law, it could be nearly impossible for my bank to retrieve the amount of the fraudulent check to put back in my account.
Is there any truth to this, or would it be just as easy for my bank to recover the money from a check cashing place as it would be to recover it from another bank?
(I know this question might sound suspect, but I am asking because someone told me that check cashing places adhere to different laws from banks, which I don't necessarily believe but also can't seem to find any information on on the internet.)