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Don't Become a Victim of Cashier's Check Fraud

Originally published: May 2013


Cashier’s checks – checks issued by a bank – are considered by many to be risk-free. The funds are paid out by the bank, not the buyer. So, requiring a cashier’s check for payment from a customer seems very secure. And it is … as long as the check is genuine.

Unfortunately, cashier’s check fraud has become a very popular crime. A December 2012 Notice from the Federal Trade Commission indicates that counterfeit check scams are on the rise, including scams involving cashier’s checks.