June 20, 2024
Learn how fake check scams work and how your small business can avoid them. A fake check scam happens when someone overpays you by check and asks you to wire them the difference, but by the time your bank realizes the check is false, the scammer has your money. Knowing how fake check scams work will help you protect your business. Learn more at https://www.ftc.gov/smallbusiness.

You’re at your job when suddenly, a new customer sends you a check for more than they owe. They ask you to wire them the difference. They gave you a reason that seemed to make sense. So you did it. But by the time the bank knew the check was a fake, the scammer already had your money. Now you have to repay the bank. Learn how to spot scams against your small business and talk to your colleagues about it too. Learn more at ftc.gov/smallbusiness.

The Federal Trade Commission deals with issues that touch the economic life of every American. It is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy. The FTC pursues vigorous and effective law enforcement; advances consumers’ interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs for consumers and businesses in a global marketplace with constantly changing technologies.

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