Alton Bank  
 
 

Fraud Education

Check Overpayment Scams

Check Overpayment scams target consumers who sell items through an online auction site or a classified ad. Here's how it works:

  • The seller takes a big loss when the 'buyer' passes a counterfeit cashier's check, money order, corporate or personal check as payment.
  • The counterfeit check is written for more than the agreed price.
  • The 'buyer' will ask the consumer to wire back the difference after the check has been deposited.
  • The check will more than likely bounce and the consumer becomes liable for the entire amount.

Contact us immediately at 417-778-7211 if you notice any suspicious or unusual activity related to
any of your Alton Bank accounts.

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