[berettafan]

Another gift brought to us by the geniuses in tech-

Have now seen multiple instances of checks stolen in the mail (likely USPS staff) being deposited into a thief's account. How does this happen you ask?

Mobil deposit. The thieves do something my local bank manager calls 'washing' to change the payee on the check then they use photo deposit to get the $$. Further i keep hearing the name 'Green Dot Bank' coming up in these financial scams. Store bought refillable debit cards are a major tool in this scam as well.

The most recent case I saw was a tax refund check mobil deposited. The check amount matched the refund on the return however the cancelled check provided by IRS shows a different name/address on the 'payable to' line and 'for mobil deposit' written on the back. The big clue is the first few letters of the proper recipients name are shown on the check in the memo but of course do NOT match the payee name 'printed' on the check. This doesn't happen without mobil deposit facilitating it.

My question then is why do we allow this?