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

I can’t belive we’ve gotten so far away from checks that people have forgotten that Check Fraud is a crime.

Next let us explain what “Bouncing” a check is.