Eli5, how do checks work. Especially now that we can deposit them via phone now. What stops us from creating (e.g., photoshooting) fake checks all day.

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Eli5, how do checks work. Especially now that we can deposit them via phone now. What stops us from creating (e.g., photoshooting) fake checks all day.

In: Economics

12 Answers

Anonymous 0 Comments

My kids were fascinated by “Catch Me if You Can” and how old-timey checks moved money around … and how the gaps in the system could be exploited.

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