Monday, December 27, 2010

SCAM Alert

Never agree to deposit a check from someone you don’t know and then wire money back. The check will bounce, and you’ll owe your bank the money you withdrew. By law, banks must make the funds from deposited checks available within a day or two, but it can take weeks to uncover a fake check. It may seem that the check has cleared and that the money is in your account. But you’re responsible for the checks you deposit, so if a check turns out to be a fake, you owe the bank the money you withdrew.