Recently I discover a great time saver. Rather than Fedexing my check to my bank in US, I simply photograph the check with IPhone and tada the check is deposited.
However I still have to have the check with me.
My friend have the same issue. He wants to send me money. He usually did that with paypal account. However, now my paypal is limited. It's not wise to send $3k-$4k via paypal anyway.
I propose that he scan his check, send it to me, I printed his check, then photograph again pretending I am photographing the real check.
I wonder if it's possible/legal?
The process of printing checks may seem like check forgery. However, there is nothing fraudulent. The money is indeed there and the guy really wants to pay me. It's more practical than sending the money via fedex to my house so I can "photograph" it.
Obviously it's not toward my best interest to commit fraud with this method given that I want my bank to trust me.