What happens if my check is altered?
Altering a check, whether intentionally or unintentionally, can have serious legal and financial consequences. Understanding the potential outcomes is crucial for anyone who handles checks on a regular basis. In this article, we will explore the various scenarios that can arise if a check is altered and the steps you should take to mitigate any potential damage.
Intentional Alteration of a Check
If someone intentionally alters a check, such as by changing the amount or the payee’s name, it is considered fraud. The following consequences may occur:
1. Legal Action: The person who altered the check may face criminal charges, including forgery or fraud, depending on the severity of the alteration.
2. Financial Loss: The original account holder may be liable for the altered amount, which can lead to a drained bank account and potential overdraft fees.
3. Reputational Damage: The individual who altered the check may suffer damage to their reputation, as it is a serious offense that can affect their personal and professional relationships.
Unintentional Alteration of a Check
Even unintentional alterations can have significant consequences. Here are some common scenarios and their potential outcomes:
1. Mistake in the Amount: If you mistakenly write a higher amount than intended, the bank may honor the check, leading to an overdraft fee and a potential lawsuit from the recipient.
2. Incorrect Payee: If you mistakenly write the wrong payee’s name, the recipient may cash the check and then attempt to return it, resulting in a dispute and possible legal action.
3. Missing Information: If you forget to include essential information, such as the date or your signature, the check may be considered invalid, and the recipient may not be able to cash it.
Steps to Take if Your Check is Altered
If you discover that your check has been altered, here are some steps you should take:
1. Notify Your Bank: Contact your bank immediately to report the altered check and request that they investigate the matter.
2. File a Police Report: If the alteration was intentional, file a police report to document the incident and potentially press charges.
3. Keep Records: Keep a record of all communications with your bank, the recipient, and law enforcement to support any legal action you may take.
4. Monitor Your Accounts: Keep a close eye on your bank and credit accounts for any unauthorized transactions.
Conclusion
Understanding the potential consequences of an altered check is essential for anyone who handles checks regularly. Whether the alteration is intentional or unintentional, it is crucial to take immediate action to protect yourself and your finances. By notifying your bank, filing a police report, and keeping thorough records, you can minimize the damage and potentially seek legal remedies if necessary.
