Quote:
Originally Posted by The Yen Man
What would be the harm in trying to deposit this cheque? Is there a way for scammers to access your bank info if you do?
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Well, 2-5 days after depositing/cashing the cheque, your financial institution would likely call you and let you know you have a chargeback for a counterfeit cheque and that you were scammed. First you would pay the $5.00 - $10.00 chargeback fee for depositing a bad item, followed by having your account debitted for the dollar amount of the bad item itself.
You could end up sitting in an unauthorized overdrawn position of $3,000 and paying 21.00% - 24.00% in interest on the unauthorized overdrawn balance.
It's not worth it.
That being said, a good front line employee would stop the cheque from being negotiated in the first place.