New program aims to cut fake check fraud - WTOC-TV: Savannah, Beaufort, SC, News, Weather & Sports

New program aims to cut fake check fraud

SAVANNAH, GA (WTOC) – A new program aimed at protecting consumers from fake check scams has launched.

Every consumer who comes in to deposit checks or money orders of $1,000 or more or to withdraw $1,000 or more will get a brochure from participating banks and credit unions called "Don't Become a Target" by the Consumer Federation of America.  So far there are nearly 60 banks and credit unions in Georgia who will be participating in the program. More details are available online at www.consumerfed.org/fakecheckscams.

In fake check scams, the consumer receives a genuine-looking check or money order for something and is asked to wire money somewhere in return, according to a news release. In another popular scenario, the consumer is recruited to work at home as a "mystery shopper" or processing payments for a company and is instructed to send money somewhere as part of the job. The average loss in these scams is $3,000 to $4,000.  

CFA is not offering hard copies of the brochure directly to consumers.

Participating financial institutions:  

Augusta Metro Federal Credit Union

Bank of Dooly

Bank of Dudley

Bank of Eastman

Bank of Hazlehurst

Bank of Terrell

CGR Credit Union

Chatham Federal Credit Union

Colony Bank

Combined Employees Credit Union

Community Bank and Trust

Community and Southern Bank

CORE Credit Union

Delta Community Credit Union

DOCO Regional Federal Credit Union

Emory Alliance Credit Union

Etowah Valley Federal Credit Union

First Choice Community Bank

Fulton Teacher's Credit Union

Georgia Bank and Trust Company

Georgia Commerce Bank

Georgia Heritage Federal Credit Union

Georgia Federal Credit Union

Georgia Trust Bank

Habersham Bank

Hallco Community Credit Union

HMC Community Federal Credit Union

Human Services Federal Credit Union

LGE Community Credit Union 

McIntosh State Bank

MEA Federal Credit Union

Memorial Health Credit Union

Mercy Federal Credit Union

Mount Vernon Bank

Mountain Heritage Bank

Nashville Credit Union

North GA Credit Union

Northwest Georgia Credit Union

Pelham Banking Company

Pineland State Bank

Pinnacle Bank

PrimeSouth Bank

Queensborough National Bank and Trust

Renasant Bank

Resurgens Bank

Rome Kraft Employees Credit Union

Savannah Federal Credit Union

South DeKalb Church Federal Credit Union

State Bank of Cochran 

Stephens Federal Bank

SunMark Community Bank

The Claxton Bank

The First State Bank

The Geo D Warthen Bank

The Heritage Bank

Tippins Bank

United 1st Federal Credit Union

Copyright 2010 WTOC. All rights reserved.

Powered by Frankly