Then, the buyer wants the seller to "just go ahead" and deposit the check.

That process can take several business days or longer. The less you know about your buyer, the longer you should wait.

Fake Check Scams

Unfortunately, your bank makes the assumption that the check will be good, but the responsibility is ultimately yours. In some cases, victims lose hundreds or thousands of dollars.

Once your bank finds out that the check was bogus, the deposit will be reversed — which could leave you with a negative account balance. Take action to prevent further losses , and report the crime to the police.

As with everything, you have to ask if the situation makes sense. Keep an eye out for any of the situations below and more.

OCC: Avoiding Cashier's Check Fraud

Con artists continue to change their approach over time, but these are some of the classics. Often advertised as a work-at-home check processing job, these schemes are often problematic.

Great article on counterfeit cashier’s checks | obupexeh.web.fc2.com's Weblog

In exchange, you can keep a tiny fraction of the transfer, which is more than you make in a year. Inheritance and lottery scams: Search the site GO.

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