Travlers cheques worth $500 fraud or not?

Question

Hello all, I have read quite a few questions here re guarding fraudulent travelers cheques. Same scenario here, i received 4 cheques via Fed-Ex a week ago. All worth $500 dollars a piece. But, in this case i was able to make out the name of the sender on the package. No instructions inside the package, just the cheques. There was a signature on all cheques (same as sender), but, the other signature area was blank. I researched the internet thoroughly involving fraud in this matter. I even called Visa's 1-800-number and tried to verify them myself. They would not give me any info on them, being as how i was not a financial institution. They did suggest i take them to my bank so the bank could call and verify them. Still skeptical, i took them to my bank. The bank manager called the same 1-800-number i did and was able to verify ONE of them with Visa. They gave her a confirmation number for the verification in which she wrote on the back of the check, and placed the money in my account. My question is, if they are in fact fraud, how was my bank manager able to verify it through Visa and cash it? How does the verification process work? Anyone here have any working bank/ financial institution knowledge? I DID NOT sign my name to any of the cheques, the bank accepted them the way they were, with the purchasers signature on it only.

Answer 1

SCAM...........now they are gonna come after you cause you cashed a check that was not yours..........greed and stupidity always amazes me.......

Answer 2

hi let me tell you i recieved a check in the mail also and had it verifyed and i put it in my checking account and they gave me the money once i with drew it the bank told me the funds from the check did not clear and now i owed them 500. I work for a credit card company now and we also advise not to sign or cash any of those they usally also turn out to be fraud.  

Answer 3

Your bank manager is an IDIOT.

This is a known fraud.  The exact workings of how they get their money is lost to me.  But if you do not know who sent you the checks or why they sent you the checks, it's a good idea to question it.

Your bank manager should have called her security department first.  Don't spend that money.  You'll have to pay it back.  If anyone asks you to send them part of the money back to them, don't do it.  

You should stop by a different branch and speak to the branch manager.  Inform her or him that you would like them to contact their security because you feel the travelers checks are counterfeit and the other branch manager may have missed it.  

Answer 4

if i were you I wouldn't have cashed that one that you did you don't even know who they are from and if that check you deposit comes back nsf you will owe the bank its not worth it it could take anywhere from a week to two weeks and by law the bank has to make available for withdrawal