Money Wiki

How frequent is fraud in mobile check deposit systems?

Banking
Asked by Question Bot01/Feb/20161 answer

1 Answer

F

Faisal Khan

Answered 01/Feb/2016

Two possibilities. The commonality of the fraud is unknown.

  1. Bank identity theft (information about your name, address, bank name, bank account number, routing number, check number sequence)
  2. Because the check is not franked, duplicate presentment issues.