The next fraud wave: When banks cash the same check twice, you might have to pay

Discussion in 'other security issues & news' started by ronjor, Jun 22, 2015.

  1. ronjor

    ronjor Global Moderator

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    http://www.geekwire.com/2015/the-ne...h-the-same-check-twice-you-might-have-to-pay/
     
  2. zapjb

    zapjb Registered Member

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    This is messed up!
     
  3. hawki

    hawki Registered Member

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    FWIW: " Fortunately, consumers shouldn’t be on the hook if a check they write is cashed more than once. “There is no question that a consumer is not liable,” says Nessa Feddis, senior vice president at the American Bankers Association. Indeed Meara says duplicate check presentment is “more of a risk for the bank than for consumers.”

    http://blog.credit.com/2014/02/major-flaw-mobile-banking-77096/


    '
     
  4. ProTruckDriver

    ProTruckDriver Registered Member

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    It sure is, but I haven't wrote a check out in so many years I think I forgot how. :D
     
  5. hawki

    hawki Registered Member

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    I have yet to find any specific legal basis or authority for this statement. It could just be PR to promote a cost saving process for the banking industry.
     
  6. Rasheed187

    Rasheed187 Registered Member

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    In Europe we don't pay with checks, at least not in Holland.
     
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