So essentially someone writes you a check, you then bring the check into the bank and they take money out of that persons bank account and put it into yours. Just based on that slip of paper. So what stops anyone from writing fake checks, it seems like it would be really easy
(I’m a teenager so if this is completely wrong my apologies)
Edit: Thanks for the responses!
In: Economics
Most places that take checks have a system in place that sends the information to the banks to verify if a check can be used. If the person has issues with checks bouncing they tend to get rejected. Also a lot of places you need your ID which they record information from on the check to verify it was you who wrote the check. Checks also need an account to get checks in the first place so if you write bad checks it results in overdraft fees that will cost you even more money. Lastly a lot of places have moved away from taking checks because of debit cards being so prevalent.
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