If the logo seems legitimate, look for an address. You need to check the validity of the bank address, which you can do by going online to the bank’s website or calling the bank. Make sure each part of the address is correct. If the check has no address or just a PO Box, the check is likely a fake. [3] X Research source
If it does have a check number, check the number against the number in the magnetic ink character recognition (MICR) line. The MICR line is the line of numbers at the bottom of a check printed by the issuing bank that gives all the relevant numbers for a check. From left to right, the long string of numbers contains the routing number, the account number, and the check number. The check number should match the numbers on the far right of the line. If it doesn’t match, the check is likely a fake. If the check number is low, from 101-400 on a personal check or 1000-1500 in a business check, the check may be fake. This signals a new account, and 90 percent of fake checks are written from new accounts. [4] X Research source [5] X Research source [6] X Research source
You also need to examine the routing number in the MICR line. This will be the first series of numbers in the MICR line. Go to the Federal Reserve Bank Services website and search the routing number of the institution issuing the check. If it exists, check the information of the bank against the name and address given to you by the Federal Reserve. If it doesn’t match, you likely have a fake check. [7] X Research source [8] X Research source
Fake checks are also typically printed on shiny paper. If the check is not printed on matte paper, it might be fake. You can also try an ink test. Dampen your finger and run it across an inked area of the check. If the color smears, it was printed on a color printer and is fake. [9] X Research source [10] X Research source
This doesn’t always mean it is a fake check, but you should look for other clues if the signature seems forced. [11] X Research source [12] X Research source There are some instances where a stamp is made up to sign checks, which can make it look printed or irregular. Be aware of this issue.
Look for an address of a payee. Notice if it is typed instead of printed on the check. Check for spelling or typing errors within any of the printed areas. Match the amount of the check with the spelled out amount. Pay attention to areas where things have been added or erased from the check. If you see anything out of the ordinary in these areas, you might have a fake check. [13] X Research source
Checks must be from a local or in-state bank Checks should not be written and accepted for more than the purchase amount Checks should not be accepted that are starter checks, unnumbered checks, or non-personalized checks The customer’s complete name and address must appear on the check The date must be accurate The check should be signed in your presence and verified with the signature on a photo identification (driver’s license, military ID, or state ID) You may want to write down the person’s driver’s license number
A legitimate company or sweepstakes will never ask you to send money to them. Taxes on such winnings should always be paid directly to the government. Also never send money through wire transfer under these circumstances. This is the same as sending someone cash. Once the scammer picks it up from the wire service, there is no way to get your money back once you realize it is a scam.
Research the company on the web or look up its number in a phone directory. Most businesses will let you know if they sent you a check or if they are participating in a sweepstakes.
Do your due diligence to ensure the check is legitimate. Then wait until the check is cleared by the bank before spending the money. The bank holds you responsible for determining the legitimacy of a check before you try to cash it. If you fail to comply with the bank’s request to return the money, your accounts can be frozen. The bank can also take legal action and sue you for the money. You can also be charged with fraud, even if you were unaware of the circumstances.
Mystery shopping is a legitimate business, but it is not a get-rich-quick opportunity. You are only paid after you complete the necessary tasks and send in a survey form. If you are ever asked to buy something, the company will always reimburse you. If you think it might be a legitimate mystery shopping opportunity, check with the Mystery Shopping Providers Association. This kind of scam can also apply to many other scenarios where you do a small amount of work from home. A legitimate company would never ask you to deposit checks on their behalf or pay you in such a way. [15] X Research source
You should also avoid investing in anything that you do not perform extensive research on beforehand.
Grants are also typically given in conjunction with an organization or institution where you will be performing some kind of research, paper, or study.
