SAIF Federal Credit Union

10190 Celtic Drive
Baton Rouge, LA 70809

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Fake Check Scams

SAIF Federal Credit Union is now a member of the Credit Union Service Center.
You are now able to conduct your credit union transactions at a location near you. 
Call the credit union for more information.

Fake Check Scams



Today 10‑12‑07 one of our members notified us that he was selling merchandise on the internet. A buyer contacted him and arranged to purchase the merchandise from him.  Our member was selling the merchandise for $1,000 and received a check from the buyer in the amount of $3,500 with instructions to keep the $1,000 and ship the merchandise and the remit the difference of $2,500 in the form of a cashiers check to him.  Upon further investigation, we have determined that this was a scam and the check proved to be a fraudulent check.  We were able to save our member from being scammed out of more than $3,000.  Please be aware of these types of scams and be careful when making purchases or selling items over the internet or by telephone.  Contact our office immediately if you suspect that you are being scammed.     


Click here to Download a flyer for more information on Fraud..

Don't Fall for Fake Check Scams

If someone you don’t know wants you to pay by check but wants you to wire some of the money back, BEWARE! It’s a scam that could cost you thousands of dollars.

How do fake check scams work?

There are many variations of the scam.  It usually starts with someone offering to:

·         Buy something you advertised for sale;

·         Pay you to work at home;

·         Give you an “advance” on a sweepstakes you’ve won;


·         Give you the first installment on the millions you’ll receive for agreeing to transfer money in a foreign country to your bank account for safekeeping.

The scammers often claim to be in other countries and say it’s too difficult to pay you directly, so they’ll have someone in the U.S. who owes them money send you a check or money order.

The amount of the check or money order may be more than you’re owed, so you’re instructed to deposit it and wire the rest to the scammer or to someone else.  In some cases, the scammer promises to transfer money directly to your bank account. You provide your account information for an electronic funds transfer. Instead, the crook sends your bank a phony check or money order with instructions to deposit it into your account. When you check your balance, it looks like the funds have arrived. Whatever the set-up, the result is the same – after you’ve wired the money, you find out that the check or money order has bounced.

Can my bank tell if the check or money order is good or not when I deposit it?

These fakes look so real that even bank tellers may be fooled. Some are counterfeit money orders, some are phony cashier’s checks, and others look like they’re from legitimate business accounts. The companies whose names appear may be real, but someone has dummied up the checks without their knowledge.

Under federal law, banks must make the funds you deposit available quickly – usually within one to five days. But just because you can withdraw the money doesn’t mean the check is good, even if it looks like a cashier’s check or money order from the post office. Forgeries can take weeks to be discovered.

If the check or money order turns out to be fake, isn’t that the bank’s problem?

You are responsible for the checks and money orders you deposit. That’s because you’re in the best position to determine how risky the transaction is – you’re the one dealing directly with the person who is arranging for the payment to be sent to you. When a check or money order bounces, you owe your bank the money you withdrew. The bank may be able to take it from your accounts or sue you to recover it. In some cases, law enforcement authorities could bring charges against the victims because it may look like they were involved in the scam and knew the check or money order was counterfeit.

How do these scammers find their victims?

Fake check scammers scan newspaper and online advertisements for people listing items for sale, and check postings on online job sites from people seeking employment. They place their own ads with phone numbers or email addresses for people to contact them. And they call or send emails or faxes to people randomly, knowing that some will take the bait.

How can I protect myself from fake check scams?

There is no legitimate reason for someone who is giving you money to ask you to wire money back – that’s a clear sign that it is a scam. If a stranger wants to pay you for something, insist on a cashier’s check for the exact amount, preferably from a local bank or one with a branch in your area.

If you think someone is trying to pull a fake check scam, don’t deposit it – report it!!

Contact the National Consumers League’s National Fraud Information Center, at or toll-free 800 876-7060. There are also more detailed tips about fake check scams in the telemarketing and Internet fraud sections of the Web site.





2018 Holidays

SAIF Federal Credit Union will be closed on the following holidays:

Monday, Jan. 1 New Year's Day

Monday, Jan. 15 MLK Day

Tuesday, Feb. 13 Mardi Gras

Friday, March 30 Good Friday

Monday, May 28 Memorial Day

Wednesday, July 4 Independence Day

Monday, Sept. 3 Labor Day

Monday, Oct. 8 Columbus Day

Thursday, Nov. 22 Thanksgiving

Friday, Nov. 23 Thanksgiving

Monday, Dec. 24 Christmas Eve

Tuesday, Dec. 25 Christmas


Contact Us  :

Phone:(225) 292-5490



(225) 292-7869