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Consumer
Consumer brief (12/06/2007)
* MADISON, Wis. (12/7/07)--If you're holding a traveler's check that someone other than your financial institution gave you, you may be holding a fake. Recently there's been another rash of counterfeit traveler's checks--similar to the ubiquitous fake check scams in which you’re asked to mail part of the money back--that leaves you, the consumer, in the lurch. According to Joan Jager, relationship development director, Travelex, Napa, Calif., you may be held liable for the amount--after the fact--if your financial institution cashes a fake traveler's check and then discovers it's not legitimate. To verify the legitimacy of a Visa Travelers Cheque, go to http://www.quickcheque.net. Jager also advises consumers, as well as merchants, to hold the Visa Travelers Cheques up to the light and look for the Visa dove watermark on the back of the check (on the right-hand side) and for the silver thread on the front which runs up and down just before the customer right-hand signature line. The National Consumer's League Fraud Center warns consumers that American Express Gift Cheques are not issued for amounts over $100, so if you see one for more, you know it’s a scam (CUNA Center for Personal Finance)...


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