What is an altered check?

An altered check is usually changes made to the name or amount. For example, the dollar amount of a check can be changed from $100 to $1,000. Dollar amount changes are easier than changes made to names. An altered check is a check or another negotiable instrument that has been materially and maliciously altered to effect a fraud.

What happens if a check is altered?

Usually, either the name of the payee, the amount of the check, or the date is changed. An altered check is a form of check fraud that includes an altered check in the form of malicious changes. Such changes that constitute an altered check include changes in the amount and payee name.

Are altered checks a deceptive form of check fraud?

For businesses, altered checks can lead to operational disruptions, damaged vendor relationships, and potential legal disputes. This can be both financially and reputationally damaging. In conclusion, altered checks are a deceptive form of check fraud that can have significant financial consequences.