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Old 04-24-2016, 07:07 PM   #61
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I know people keep talking about them stealing checking info... but I had posted earlier (IIRC) that that info is not required... someone just used my name and address and a made up check from Wells Fargo on an account that did not exist... they used the check to buy electronic equipment at the mall and walked away with their ill gotten gains...

They did come after me, but since they did not take any money out of my account I just filled out a police report...
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Old 04-25-2016, 08:44 PM   #62
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Originally Posted by Walt34 View Post
Not really, USAA didn't handle it any differently than any other bank would. When I retired I handled fraud/forgery investigations and as REWahoo said this is a simple forgery and that crime has been going on for as long as there have been checks to forge.

Bear in mind that it is by far the exception that a human actually reads any given check except at the point where it is initially passed. So if I have davismills's valid account number that is all the information I need to create a check, make it payable to "Donald Duck" and then deposit it into Mr. Duck's account that I have previously created for this purpose. When the check clears I withdraw the money and I'm outa there. What's so hard about that? Or I can have fake I.D. made up in Donald Duck's name and go out and buy a new car, writing a check for it.
I am not talking about who the check is made out to but the owner of the account, if my checks have Running Man and my address on them and REWAHOO creates checks with his name and address on the face of the check, makes them payable to Donald Duck and my bank cashes them, when I call and complain it would take an instant of looking on line to see the check is a forgery, through their imaging software. It would not take days for them to identify the issue. If I understand you correctly if you are stating that if I have a correct bank routing number and account number that is all I need to cash a check, all the other information can be false? The system would implode I would think if this were true. I am not talking about the bank that cashes the check but my bank, the bank taking the check should be waiting for the check to clear the system, if they were reasonably alert.

Additionally, unless the culprit guesses a check number in close order the check number should be off as well and alert the bank to a problem. If your bank is not doing these simple steps you should get a new bank.
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Old 04-26-2016, 12:33 PM   #63
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Originally Posted by Running_Man View Post
If I understand you correctly if you are stating that if I have a correct bank routing number and account number that is all I need to cash a check, all the other information can be false?
Correct, as long as the check is presented for payment somewhere other than the bank it is drawn on. I've seen it done.

Now, it might be different (I retired in 2002) with electronic verification systems, but at the time the only way to verify the validity of the check was to call the drawer bank and ask them, much too time-consuming to do on a routine basis.
I heard the call to do nothing. So I answered it.
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Old 04-26-2016, 01:32 PM   #64
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Getting made whole from a forged check is strictly a USA thing. Maybe the EU too, I am not sure. It is an advantage of living here in the USA and why it costs a bit to live here.

My mother, living in Mexico at the time, picked up her checks from the bank. Unbeknownst to her, a bank employee took a few blank checks from inside each booklet of checks.

The employee cashed three of them, for ~$5,000 each. One happened to go through a USA bank on it's way through the ACH system. That is the only one she was reimbursed for. The checks were written in Spanish, to CASH. The writing did not even look close to my mother's writing. Luckily, it was not her only meager account. It did take about 25% of the cash she had available to her.

When you transfer your money to a foreign bank, you live under their laws.
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Old 04-26-2016, 09:59 PM   #65
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Originally Posted by AlbaCrush View Post
..... At the time, I only had about $9,000 in the account. I was so freaked out, I went on a spending frenzy to delete the funds. I paid off my bills for two months (putting extra money on the utility bills), bought gift cards, and a US Savings Bond.
I do that as a matter of habit.
I frequently pay my bills ahead of time, or for an entire year in some cases, in the belief that if my money disappears, the thief got less since I used a bunch of it to pay off debts.
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