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

What stops you is that the person or company that owns the account you tried to fake a check from says “Hey, I didn’t write that check.”

Regardless of the method of deposit, the money still has to come from somewhere.