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
Well for one it is fraud, so it becomes criminal. Two, most banks have you wait until the check clears before you can pull the money out. Three, the routing and checks themselves have anti-forging features in them that it is much harder to forge a check than it may appear. Four, many banks have digital readers to read checks.
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