06-2016 NG Check Alert Bulletin- April Update

FOR INTERNAL USE ONLY

NG CHECK ALERT!
Retail Banking Operations Bulletin

Updated – April 2016
Fictitious/Altered checks
It is necessary for management to physically examine all checks $1,500 and over before the close of
business daily to catch any items that raise suspicion.
Below are a few items that you should consider while performing your review:
1. The account shows negative balances in any of the transaction accounts.
2. The account history shows inactivity prior to the deposit-No history of direct deposits or
payroll deductions
3. History shows frequent ATM inquiry fees.
4. Cashier’s check or business checks
5. Accountholder is between the age of 18 and 25 depositing suspicious large business checks
The Tellers must also be diligent in reviewing the account activity before depositing checks over $1,500
Things to look for:
Different fonts
Amount is less than $5,000 and usually for an odd amount
The address of the issuing bank is out of state

1

FOR INTERNAL USE ONLY

Cashier’s check - Out of State issuing bank
Same fonts throughout the check

ACTUAL STATE OF NEW YORK CHECK

2

FOR INTERNAL USE ONLY

No space between Peoples and Bank should read PEOPLES BANK
Check amount ends in odd amount
Business check

Font is inconsistent
Print on the check is not aligned
Odd dollar amount
No history of direct deposits or payroll deduction

3

FOR INTERNAL USE ONLY

NEW YORK CITY EMPLOYEES RETIREMENT SYSTEM CHECKS
Check #1 has the following indicators:

o The Name below PAY TO THE ORDER OF is different from the Payee’s
Name

o The seal on the upper left side of the check is blurry
o There is a space between the asterisks (*) and number 6.
Note: A photocopy of a fraudulent check does not reveal the watermark (VOID) as indicated in this
example.
1. FRAUD CHECK

2. GOOD CHECK

4

FOR INTERNAL USE ONLY

Fraudulent Check

Check from “Small” Business account.
Counterfeit Check

5

FOR INTERNAL USE ONLY

Counterfeit Check

Counterfeit Check

Counterfeit Check
6

FOR INTERNAL USE ONLY

Counterfeit – Small Business Check

Counterfeit Check – Points of Negotiability (Legal and Courtesy Amounts)

Stolen/ Fictitious Check

7

FOR INTERNAL USE ONLY

Fraudulent Check: Inconsistent Font size

Counterfeit Check

Counterfeit Check

8

FOR INTERNAL USE ONLY

Counterfeit Check

The Check below returned Altered/Fictitious

Checks returned Fraudulent/ Altered Font types are not consistent

9

FOR INTERNAL USE ONLY

Check returned Fictitious
Fraudulent/ Fictitious check

10

FOR INTERNAL USE ONLY

NG Cashier’s check returned Altered/ Fictitious

NG Cashier’s check returned Unable to Locate

Fraudulent/Fictitious

11

FOR INTERNAL USE ONLY

Fraudulent/Fictitious

Counterfeit Check
Altered - Fictitious Inconsistent Font Size

12

FOR INTERNAL USE ONLY

Altered/ Fictitious

Counterfeit MCU Check

13

FOR INTERNAL USE ONLY

Good MCU Official Check
Counterfeit Check

14

FOR INTERNAL USE ONLY

Altered Fictitious check

Good Check

Altered/Fictitious

15

FOR INTERNAL USE ONLY

Altered/Fictitious

Altered/Fictitious

16