Counterfeit Check

A counterfeit check is a fake or altered check created to defraud the payer or bank. It may use forged signatures, altered amounts, or fake account details.

Counterfeit checks are common in scams involving overpayments or fake refunds. Banks may reverse the deposit once the fraud is detected, leaving the depositor liable. Services like positive pay help prevent these losses.

Related Terms

Check

A check (or cheque in British English) is a written order instructing a bank to pay a specific amoun...

Positive Pay

Positive pay is a fraud prevention service where a business provides the bank with a list of issued ...

Check Number

A check number is a unique sequential number printed on each check to help account holders track and...

Stop Payment

A stop payment is an instruction to a bank to prevent a specific check or payment from being process...

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