Id Theft

[JulieHov1]

Is the bank responsible for not checking a person's ID if they walk up to a bank teller posing as you and deposit a counterfeit check made out to you into your account that they endorse as you, and sign a deposit slip as you?

[woofgang]

How would they check the ID and why would they think it needful? Money is going into the account, not coming out.

[jno]

I wouldn't have thought so. If I pop money into a deposit envelope and stick it through the slot in their door after hours, all they usually want from me is a deposit slip saying where the money's to go, and a phone number (which they've never rung)

[JulieHov1]

I didn't endorse the check though. Some other person did. I never would have deposited that check

[hellywelly4]

It's not necessary to endorse cheques these days. Are you in the UK (you spell cheque the American way).
Cheque endorsement ceased in the mid 50s I believe.

[ummmm]

Are you in the UK?

[jno]

yes, this is a UK site; if you're somewhere else, the banks may well have different rules.

[twix123]

In the UK the answer to your question would be No. They would not have any responsibility unless they suspected money laundering. Assuming that you are in North America, the answer would probably be the same.

When you ask about responsibility in respect of a counterfeit cheque, have you drawn the funds before the cheque was dishonoured, especially if you knew that this amount credited to your account did not belong to you ?

[bednobs]

I have never been asked for I'd when depositing money in an account

[tonyav]

Neither have I, bednobs.
Might be different in the USA though.

[fiction-factory]

I don't think anyone looks at the sinature on a apying in slip. i've paid money in for people with a paying in slip 'paid in by' bit blank but there has been no problem- it can just be paid in at a machine

[Tuvok]

My bank won't let me pay in a cheque for another member of my household without their account number - as if they did it would be confirming that the person has an account with that bank and thus breaching data protection.

[fiction-factory]

Well yes. I can see why they need an account number rather than us to a name tuvok we need more info on the situation here. I assume it is a fraud matter.

[fiction-factory]

Sorry. Predictive text is rubbish on my phone.

[baasinat]

Workplace fraud is a common, everyday occurrence. Every
business—large or small—is vulnerable to these crimes.
If a company can recognize when and where excessive pressure/incentives
may be present, it can use that information in fraud prevention and detection
efforts and take action to mitigate business-related pressures/incentives in
order to reduce fraud risk.
An effective fraud prevention program can increase pressures and incentives to
act honestly by emphasizing a “perception of detection,” underscored by the
company's demonstrated, consistent commitment to taking appropriate and
certain action once fraud is discovered.
The vast majority of staff in any organisation are trustworthy and honest.
However, businesses are now beginning to realise and understand the scale of
the threat posed by the small proportion of staff who act dishonestly and
defraud their employer.
In an increasingly competitive market place, many businesses have responded
by empowering staff and undertaking structural reforms. Undoubtedly, these
changes have significantly raised the levels of customer service and enhanced
customer satisfaction. Paradoxically these changes, combined with the ability
to undertake more financial transactions remotely, have also created more
fertile conditions, scope and opportunity for dishonest action by staff.
The way organisations approach the issue of staff fraud is changing in response
to the increased risk. Many organisations have historically been anxious to play
down the threat from within and have been reluctant to admit to the scale of the
problem or the associated financial losses.
The Bank is 100% responsible. This is why set of control measures and internal control systems should be set in place to ensure that such does not happen again.