Financial$440M+ in annual losses

Overpayment / Fake Check Scam

Also known as: fake check scam, overpayment fraud, wire difference scam

Someone sends you a check for more than an agreed amount and asks you to wire the difference to someone else. You deposit the check, wire the money, and a week later the check bounces — leaving you liable for the full amount.

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How it works

The fake check scam exploits a quirk of U.S. banking law: banks are required to make funds 'available' within 1-2 days of deposit, but the check itself doesn't clear for 1-2 weeks. This gap is what scammers exploit.

The setup: A scammer contacts you with a reason to send you money — you're selling something on Craigslist/Facebook Marketplace, you've 'won' a job, you're hired as a personal assistant, you've been offered a mystery shopper gig. They promise to send a check for more than expected.

The reason for the overage: 'I'm going to send $2,500 — $1,500 for the item, and $1,000 for the shipping company you'll need to pay' or 'Deposit this $3,000 check, keep $500 for your first week's pay, and Western Union $2,500 to our vendor.'

The urgency: 'Deposit the check today, wire the money ASAP so I can finalize the order / so you can start work / so we don't lose the contract.'

The bounce: You deposit the check. The bank makes funds available. You wire the excess as instructed. 7-14 days later, the check bounces. The bank reverses the deposit and debits your account for the full amount. The money you wired is gone forever — you sent it to a scammer. You're now out the wired amount PLUS potentially overdraft fees and the check amount.

Common variants: Fake job offers ('administrative assistant'), Craigslist buyer scams, apartment rental scams, mystery shopper gigs.

Warning signs

  • Someone sends you more money than agreed and asks you to refund the difference
  • Payment via cashier's check, money order, or wire
  • Urgency to wire the excess before the check clears
  • Work-from-home job that sends you a check before your first day
  • Craigslist buyer paying too much 'by accident'
  • Request to use Western Union, MoneyGram, or gift cards to refund
  • Seller asking you to handle shipping payments through the overage
  • Any transaction where you're asked to move money based on a deposited check

Who does this target?

Job seekersCraigslist and Facebook Marketplace sellersRenters/landlordsFreelancers

Where does it happen?

CraigslistFacebook MarketplaceEmailJob boards

What to do if you've encountered this

  1. 1.Stop all contact with the scammer immediately. Do not respond, do not send more money, do not try to "reason" with them.
  2. 2.Document everything — screenshots of conversations, phone numbers, email addresses, websites, and any transaction details.
  3. 3.If money was sent, contact your bank immediately. Wire and ACH reversals are measured in hours, not days.
  4. 4.Report the scam to the appropriate agencies:

Warning: After any scam, watch out for "recovery scammers" who promise to get your money back for an upfront fee. They are always a second scam. See our recovery scam warning guide.

Related scam patterns