Protect Yourself: How to Avoid Fake Check Scams

Fake check scams are on the rise across the United States — in fact, the number of reported incidents more than doubled between 2021 and 2023. These scams can be surprisingly sophisticated, but recognizing the red flags can help keep your finances safe.

Common Signs of a Check Scam

Scammers often use convincing stories or urgency to pressure victims into sending money. Here are a few red flags to watch for:

• Overpayment tricks: Someone sends you a check for more than they owe and asks you to send the extra money back — often through wire transfer or cryptocurrency.

• "You’ve won a prize!" But to claim it, they say, you need to pay fees or taxes upfront. Legitimate prizes never require payment.

• Check cashing favors: A person claiming to be a friend or acquaintance asks you to deposit a check and send them the cash.

How to Protect Yourself

Staying alert and asking the right questions can make all the difference:

• Know who you’re dealing with. Never send money to someone you haven’t met in person or verified independently.

• Ignore prize offers that ask for payment. These are always scams.

• Don’t fall for pressure tactics. Scammers often create a false sense of urgency to get you to act before you think it through.

When in Doubt, Talk It Out

If something feels off, don’t deposit the check. Instead, talk with someone you trust — like your local branch banker — before taking any action. Trust your instincts and take time to verify the situation.