Anytime a scam involves a cashier’s check, official check or money order from a bank and you have any doubt about its authenticity, contact the issuing bank directly to report it. When contacting the bank, do not use the telephone number provided on the check. To locate the contact information for the bank, you can always check the FDIC Web site at: https://research.fdic.gov/bankfind/.
- Try to know the people and businesses with whom you do business. Be cautious about accepting a check from people you do not know since it will be especially difficult to pursue a remedy if something goes wrong.
- If you use the internet to sell items, consider other options such as escrow services or online payment systems rather than payment by cashier’s checks.
- Never accept a cashier’s check for more than the selling price. Ask yourself, "Why would a stranger be willing to pay more than the asking price and trust me with the funds?"
- Ask for a cashier’s check drawn on a bank in your area.
- Call or visit the bank on whom the check is written. That bank is in a good position to tell you if it is genuine.
- Be suspicious of anyone who insists that you wire transfer funds or pressures you to act quickly before you know if the payment is honored.
- Reject any offer that asks you to pay for a prize or gift.
- If it sounds too good to be true, it probably is.