Lifestyle
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Fake Checks and Overpayment Scams
Follow These Tips to Protect Yourself from Overpayment Scams: Scambusters #1,184
expecting. After you deposit the money, the scammer asks you to send some of it back. When the bank finds out the check is fake, your money is lost, and so is the scammer.
Fake Checks and Overpayment Scams
Overpayment scams have become more sophisticated, targeting individuals with fake checks and fraudulent schemes, costing Americans millions annually. Scammers often send checks for more than what's owed and then request the difference back. By the time victims realize the check is fake, they've already lost their own money.
Understanding these tactics is crucial for protection.
What Are Fake Check Overpayment Scams?
Fake check or overpayment scams happen when criminals send victims fake checks for more money than agreed. The scammer then asks the victims to return the extra amount. These checks look real and may clear at first, but banks can take weeks to find out they are fake.
During this time, victims think they have received real payment and send their own money back to the scammer. When the bank finally discovers the fake check, it reverses the deposit. This leaves the victim responsible for the full amount plus any fees.
These scams take advantage of how the banking system works and the victims’ trust in checks. Banks must make funds available quickly, but that doesn’t mean the check is actually valid.
How Scammers Request Money Back
Wire Tra
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2025-08-21 01:00:46Featured Ads

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