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.

Question

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

Answer 1

“They’re teaching us a lot of new things in here, momma,

Things like,

there ain’t no good in an evil hearted woman,

And I ain’t cut out to be no Jesse James,

And you don’t go writing hot checks down in Mississippi,

And there ain’t no good chain gang.”

It’s a crime, you will get caught, and you will go to prison,