Handling Altered Checks- What You Need to Know About Cashing Checks with Modified Content

Can you cash a check that says “altered”? This is a question that many people find themselves asking when they come across a check with suspicious markings. In this article, we will explore the implications of an altered check and what you should do if you encounter one.

Checks are a widely used form of payment, and they come with a set of rules and regulations that must be followed. One of these rules is that checks must not be altered in any way. Any changes to the check, such as altering the amount, payee, or date, can render the check invalid. So, if you come across a check that says “altered,” it is important to understand the implications and the steps you should take.

First and foremost, it is crucial to recognize that cashing an altered check is illegal and can lead to serious consequences. Banks and financial institutions are required to verify the authenticity of checks before processing them. If a check is found to be altered, the bank will not honor it, and the person attempting to cash it may face legal repercussions.

The term “altered” can refer to various types of modifications made to a check. Some common alterations include:

1. Changing the amount: This is the most common type of alteration. If the amount on the check has been changed, it is considered altered.
2. Changing the payee: If the name of the person or entity to whom the check is payable has been altered, it is considered altered.
3. Changing the date: If the date on the check has been altered, it is considered altered.

When you encounter a check that says “altered,” there are several steps you should take:

1. Do not attempt to cash the check: As mentioned earlier, cashing an altered check is illegal and can lead to legal consequences.
2. Report the altered check to the bank: Inform the bank where the check was issued about the alteration. They can take appropriate action to prevent further fraud.
3. Contact the person who issued the check: If you know who issued the check, inform them about the alteration. They may need to take action to prevent further fraud.
4. Keep the altered check: Keep the altered check as evidence. It may be useful for legal purposes or for the bank to investigate the matter.

In conclusion, if you come across a check that says “altered,” it is important to understand the implications and the steps you should take. Cashing an altered check is illegal and can lead to serious consequences. By reporting the altered check to the bank and taking appropriate action, you can help prevent further fraud and protect yourself from legal repercussions.