Thursday, August 30, 2007

Dodgy cheques and laser printers

On the techno-fraud front, the Consumerist has an article on the surge in fake bank cheques due to high quality laser printers.

Given fake cheques are a favourite trick of Ebay and 419 fraudsters, it's really important not to trust cheques unless they have come from someone you know.

It also pays to be very cautious of foreign cheques. It can take quite a while for a cheque drawn on a foreign bank to be cleared. If you've sent goods or given money to people based on one of these cheques you might be in for a nasty surprise a month or two down the track.

Personally, I'd be very reluctant to accept any cheque drawn on an institution I've never heard of. If I did, I'd be making doubly sure it had cleared before acting on it.

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