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Check Fraud

Check Fraud

"Congratulations! You just won the lottery in a country you never knew existed!" It must be true, right? I mean, that is what the letter says, and you are holding the check in your hands. All you need to do is cash the check, and wire a small portion back to cover the taxes. The rest is yours to keep!

It seems too good to be true. Because it is. The check is a fake, even though it may appear to be a legitimate check from a legitimate institution. This is a form of check fraud, and once you endorse the check and deposit it into your account you accept responsibility for the funds. When the check is returned, you will be the one left footing the bill.

There are many forms of check fraud criminals use to get their hands on your money and account numbers. And these crooks get smarter and more creative by the day. So how can you prevent yourself from becoming a victim? Some key indicators of check fraud include:

  • The offer requires you to wire money- a legitimate winning will never stipulate that you wire a portion of your prize back.
  • The money come from an official government agency - The US Government does not randomly award prize money. Period.
  • You get an offer by phone; even though you are listed on the Do Not Call Registry - this is a key indicator that the person on the other end of the line is noncompliant with Federal Trade Commission Guidelines.
  • You have to pay - it is illegal to require someone to pay money or sign up for trial offers to claim a prize.

Many people believe that the police will catch and prosecute the criminals responsible, absolving them of all responsibility, but unfortunately that is not the case. In most instances these scammers are located outside of the United States and there is simply nothing local authorities can do.

A good rule of thumb to keep your money safe? If it sounds too good to be true, it probably is. If you have concerns about the validity of a check you received, we are here to help. Bring the check to any of our branches and we can help you determine the legitimacy.

If you think you are the victim of check fraud, or for more information visit ftc.gov.


Cinfed Credit Union
4801 Kennedy Avenue
Cincinnati, OH 45209
(513) 333-3800
Routing #242076656


They always go above and beyond at the Oakley branch and truly care about each of their members. And, I absolutely love their kids' membership program. It makes it fun for them to learn about money... 
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Emily Snyder took the best care of my two auto loans. She was professional, courteous and very knowledgeable of the available services for me. She went out of her way to make sure I felt like I was... 
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I have been member with Cinfed since 1986. The Roselawn Cinfed staff greeted the customer phone calls friendly and polite willing to help you with your needs. They have excellent customer service.... 
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I have been a member of CINFED since about 1981 when I was transferred from SLC, Utah with the US Army Recruiting Command and have always received excellent service and support . Hope Dee Dee is... 
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I have been a member at the Roselawn Branch for a long time and I couldn't be more satisfied with the customer service. No matter how often I come in with a question or issue and no matter what... 
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I been a member since 1985 and can not imagine banking anywhere else. This credit union as taken care of my every need. 24/7 services is excellent.
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Closed a loan in 24 hours! Absolutely unheard of! Thanks to the exceptional customer service of LeAnn Rose at the Turfway Branch! She went above and beyond by providing unexpected expedited service! ... 
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I recently applied for a credit card online. I received a call from Emily Snyder explaining what needs to be done next. It was easy and Emily‚Äôs customer service was excellent. Emily is a great... 
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