Quote:
Originally Posted by WiredGuy
JaymanCash checks are full of security features too, its pretty hard to imagine trying to forge those checks.
WG
|
Having a lot of security features are a false sense of security. Your bank will know what your checks look like, but other banks don't. There are computer programs that allow you to print your own checks so you don't have to worry about a check printing service verifying with the bank the account and routing.
Several employees of a large corporation I worked for did this. One did this method. Instead of using the real company name he created a phony company to print as the account holder. He then added a fake address in a large office complex. So when he cashed them at a local bank the tellers wouldn't spot the phoney address. Took a bit to figure out the scam as the real company owned hundreds of corporations. Tracked the former employee down and found out he was doing his 4th stretch for check & credit card scams.
If your bank offers <B>Positive Pay</B>, use it! Every time you do a check run, you send your bank a list of checks and amounts. When a check is presented for payment, the amount has to match to that check number or it will be returned. The bank that cashed the check is out unless they catch the scammer. Not sure but Positive Pay may reimburse you if they fuckup and clear a check.