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70 votes

How does this scam work where a potential employer emails me the scan of a check to deposit?

The more I think about it the more it looks like a scam. Signs of a scam: They contacted you, you never contacted them. You can start with contacting them via an independently obtained phone number. ...
littleadv's user avatar
  • 178k
48 votes

Is providing the name of the bank I bank with necessary when creating a check that's sent via email or am I at a risk of being scammed?

Is there reason to be suspicious or am i just being paranoid? Yes, there is. It is a scam. When someone forces you into a specific method of payment that makes no sense to you, has no proof of their ...
littleadv's user avatar
  • 178k
32 votes
Accepted

Is it illegal for a company to cross out the "To the order of" line on a check and change companies being paid?

No bank should honor the altered check; changing the payee is not permitted any more than changing the amount. Complain to your bank; it's their responsibility to work with the other bank to reject ...
keshlam's user avatar
  • 49k
26 votes

How does this scam work where a potential employer emails me the scan of a check to deposit?

When you deposit a cheque, your bank will likely release the funds to you before it has actually 'cleared'. This means there is a period of time where the bank basically puts it on good faith that the ...
Grade 'Eh' Bacon's user avatar
25 votes

Is it legal to deposit a check that says pay to the order of cash

At least in the US: That's an old convention for a "bearer check", depositable to any account. Insecure, of course, but when checks were more common this was sometimes a desirable option. ...
keshlam's user avatar
  • 49k
21 votes

How does this scam work where a potential employer emails me the scan of a check to deposit?

Above all, DO NOT SEND ANY AMOUNT OF MONEY TO THEM OR ANYONE EVEN SLIGHTLY CONNECTED TO THEM, OR THIS "JOB", FOR ANY REASON AT ALL!! Currently it sounds like you're only being set up for a ...
Brondahl's user avatar
  • 2,395
20 votes
Accepted

Is there any reason to keep old checks?

For payroll checks the key thing you should be reviewing is the pay stub with all the information regarding gross pay, taxes, FICA, retirement contributions, and other relevant information. The stub ...
mhoran_psprep's user avatar
19 votes

Is it illegal for a company to cross out the "To the order of" line on a check and change companies being paid?

The short answer is: lawyer. The long answer is: yes, and also lawyer. It doesn't matter who owns the businesses you're paying, they can't unilaterally decide that someone different gets paid. Imagine ...
Stan H's user avatar
  • 7,706
18 votes

Is providing the name of the bank I bank with necessary when creating a check that's sent via email or am I at a risk of being scammed?

If a legitimate person (like your grandmother) was to send you a physical check for your birthday, they don't have to know the name of your bank. One risk with a check being emailed to you, is that ...
mhoran_psprep's user avatar
12 votes

Is it legal to deposit a check that says pay to the order of cash

Yes, it is legal to deposit a cheque that says pay to the order of Cash. It is also legal to deposit a cheque that is payable to you. In neither case are you guaranteed that you actually have the ...
Kate Gregory's user avatar
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9 votes

Is there any reason to keep old checks?

The checks themselves are not relevant at all for tax reasons. For taxes you would use the W-2 that the employer send you after the tax year is over. The W-2 should also suffice in the event of an ...
D Stanley's user avatar
  • 138k
8 votes

How does this scam work where a potential employer emails me the scan of a check to deposit?

While they might to try to steal money from you right away, this might also just be a way to prepare. They ask you to do something weird - print a check - it clears, everything went well. Next time ...
Christian's user avatar
  • 501
6 votes

What can I do if I found an old uncashed check?

Since that check is ten years old, you shouldn't try and deposit or cash it. The bank would be expected to reject it. In my experience after a few months to a year an employer will reach out and try ...
mhoran_psprep's user avatar
6 votes

Is there any reason to keep old checks?

Usually banks will tell you during the online deposit process for how long they want you to keep them. Generally between 7 and 60 days is my experience, depending on the bank. You don't need to keep ...
littleadv's user avatar
  • 178k
4 votes
Accepted

Check printing for multiple accounts

Yes, you can order blank checks and print the MICR line yourself. But you'll need a special printer with a special ink to do that, you cannot do that with a regular home or office printer. MICR ink is ...
littleadv's user avatar
  • 178k
4 votes

How to wire a check internationally (US to China) without a bank account?

How's bitcoin an option? Not sure why it's even relevant. I've never heard of a way to mint bitcoins using paper checks. Your alternatives are: Deposit the check in a Chinese bank. It will take long ...
littleadv's user avatar
  • 178k
4 votes

Why haven't government/banks acted to prevent money laundering and other scams?

Banks could flag accounts from which cheques like this have bounced more than once, and alert anyone depositing a cheque from that account that it might be fraudulent Checks are written on a Bank A ...
Justin Cave's user avatar
  • 27.8k
4 votes
Accepted

Who pays to stop payment on a check lost in the mail?

The owner of the account the check would be drawn from is responsible if they want the check to be nullified, so they would pay to "stop payment". If the check is cashed, the money would ...
D Stanley's user avatar
  • 138k
3 votes
Accepted

Why haven't government/banks acted to prevent money laundering and other scams?

Others have replied to your suggestions point by point. So let me just add some general comments. One: If you come up with a scheme to make it difficult or impossible to pull off a certain scam, that ...
Jay's user avatar
  • 22.8k
2 votes

Depositing Cdn$ cheques into a US bank without being charged a commission and facing a substantial hold period

If it's really a "commission", find another bank. If it's a currency exchange fee, welcome to international commerce; that's really not unreasonable, I'm afraid. Businesses which do many ...
keshlam's user avatar
  • 49k
2 votes

How does this scam work where a potential employer emails me the scan of a check to deposit?

You have been sent a bad check. This check will appear good for up to a month, and after that will be clawed back from your account. You will be asked to pay for your own gear. This will involve ...
Yakk's user avatar
  • 3,243
2 votes

Is providing the name of the bank I bank with necessary when creating a check that's sent via email or am I at a risk of being scammed?

My first post here and I have no financial qualifications besides working along money for many decades, but I'm pretty sure everyone would agree if it smells like a scam it probably is. Human nature, ...
Absinthe's user avatar
  • 121
2 votes

Is there any reason to keep old checks?

A pay stub/payroll advice (typically attached to a pay check in the U.S.) may be useful proof of employment at some time in the past. At one point in my career, I realized that none of my employers ...
ichabod's user avatar
  • 121
1 vote

Is there any reason to keep old checks?

You may be asked for the last 2-3 paystubs for some sort of verification. I was recently asked for this when I signed a lease.
wysiwyg's user avatar
  • 11
1 vote

Is it legal to deposit a check that says pay to the order of cash

There is no real difference between depositing a check made out to cash and a check made out to you personally, unless there is some suspicion that the check was stolen or obtained via fraud. Like any ...
arp's user avatar
  • 361
1 vote

Check printing for multiple accounts

Yes. The product you are looking for is called “blank check stock.” A Google search for this term will yield quite a few options for sale online as well as availability from big box office supply ...
Ben Miller's user avatar
  • 116k
1 vote

How to cash out Canadian cheque in foreign country

Yes, you'll need to ask the payer to change the payment method. If the payer insists on only using cheques, consider whether this is a legitimate transaction, because there are quite a few scams ...
littleadv's user avatar
  • 178k
1 vote

Why haven't government/banks acted to prevent money laundering and other scams?

Banks do all these things. What makes you think they don't? The government could move to ban cheques entirely Why? Most people never use checks to begin with, but those who do - they have a ...
littleadv's user avatar
  • 178k
1 vote

Check made out to wife and husband

It depends on the bank and your account situation. If you have a joint account, you can both sign and deposit yourself most of the time. If you don't have a joint account, I would both go into a ...
Pete B.'s user avatar
  • 77.2k

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