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

Checks have always been a really bad system, im honestly shocked they were used ever. (especialy in stores)

Basically the only thing stopping you is the law, and the knowledge that someone will notice and reverse it.