The following information is provided to help protect yourself against fraud.
You Should Be Concerned If:
- You receive a negotiable item (official check, money order, business check, personal check, etc.) in response to something you sold over the internet.
- You are asked to send a wire transfer or a money order or otherwise return any portion of negotiable instrument proceeds to a third party.
- You have any reason to suspect that a negotiable item you receive is not valid.
- The negotiable instrument is drawn on a business or individual account that is different from the person buying your item or product.
- The amount of the negotiable instrument is more than the item¹s selling price.
- You received the negotiable instrument via an overnight delivery service.
- The negotiable instrument is connected to communicating with someone by email.
- You have been informed that you were the winner of a LOTTERY, such as Canadian, Australian, El Gordo, or El Mundo, that you did not enter.
- You have been instructed to either wire, send, or ship money, ASAP, to a large U.S.
city or to another country, such as Canada, England, or Nigeria.
- You have been asked to pay money to receive a deposit from another country such as Canada, England, or Nigeria.
- You are receiving pay or commission for facilitating money transfers through your account.
- You responded to an email requesting you to confirm, update, or provide your account information.
- You are being asked to open an account as a result of a job offer you received online.
Don’t Be a Victim
- If the negotiable item is later returned, you will be held liable for the bad check.
- We are not able to tell you when a negotiable item you deposit will clear.
- Even when we lift a “hold” on funds from a deposited negotiable instrument, that does not mean the item has cleared.
- If funds are to be held by a third party, or escrowed, be sure it is a party you can trust.
- Remember, always exercise extreme caution when conducting business with strangers.