You are viewing a single comment's thread.

view the rest of the comments →

0
2

[–] Batman232 [S] 0 points 2 points (+2|-0) ago 

You conclusion seems to be correct about the site.

Let me ask you this? How is it that you can create a transfer account off your bank account using your SSN# as the account number and then use a Federal Reserve routing number and then transfer money? Technically it should not work but it does at least for a short period of time. That is until money is recalled thru the bank of reconciliation. Warning don't do this as the bank can close your account.

0
0

[–] Mylon ago 

That's how modern banking works. You bring a check (or in this case you say you have a check and do it digitally) and the bank makes the funds available to you for the sake of convenience. They go through the process of getting the funds from the original account. If it turns out the check was bogus, the bank simply cancels the short term loan they gave you and possibly charges a fee.

So certainly, you can feed bogus information to a check. This is how a common scam works: They give you a money order and say you have to mail a check to whatever address and you can keep 10% or whatever for processing. The bank just gives you the money, but by the time they realize the money order is bogus, your check is already cashed and you're SOL.