Card fraud

Cheque fraud

Cheque fraud

Cheque fraud occurs when a fraudster uses a worthless cheque (i.e. no funds available), stolen or altered cheque or counterfeit cheque.

Fraudsters will try to use cheques to get cash or pay for goods and services but rarely use their own account. Instead they will often gain the trust of another account holder to process their fraudulent cheques. Below is an example of cheque fraud.

If you believe you've been a victim of cheque fraud, call us immediately on 0800 464 3051.

Protect your cheques

This example is a typical overpayment cheque fraud scam, where the cheque will either be worthless, stolen/altered or counterfeit, and will not be paid.

You're selling goods through the classified ads either online, in a magazine or shop window. The potential buyer (fraudster) contacts you either by email or over the phone and they:

  • Do not ask to view the item you are selling
  • Do not 'haggle' over the price, and
  • Only provide you with their email address or mobile phone number

When you receive their cheque in the post, the amount is for more money than the agreed price. The buyer (fraudster) will then put pressure on you to refund them the overpaid amount. They will normally ask you to do this by using a money transfer service, such as Western Union.

If you refund the overpaid money, the fraudsters cheque will bounce and you are out of pocket.

Security tips

Identity fraud

Fraud & investment scams

Mobile Banking fraud

Online fraud