Smart Ways to Spot Fake Money Order Scams

Money orders are a tried and true way to pay for goods and services, especially when you don’t have a bank account. Unfortunately, criminals have recently been taking advantage of this system by creating fake money orders to scam unwitting victims. That’s why it’s important to know the signs of a fake money order scam. By following these tips you can protect yourself against fake money orders and stay safe.

1. Double Check Contact Information

The best way to identify a fake money order is to double check the contact information of the issuer. Make sure the address and phone number listed on the money order are legitimate, and look up the company online to make sure they’re a real business. If a money order is issued from an offshore company, chances are it’s a scam. You should also watch out for money orders from foreign countries, as those can also be fake.

2. Watch out for Odd Requests

Another common trait of fake money orders is an unusual request from the issuer. For example, an issuer may request you to wire them a portion of the money order as a “transaction fee”. This is a common red flag of a scam, and should be avoided. Be sure to read all communication from the issuer carefully, and if you’re ever unsure, contact law enforcement in your area to inquire about the legitimacy of the request.

3. Verify the Funds

No matter how convincing the money order looks, you should never accept it without verifying the funds it contains. The most common way to do this is to take the money order to your local bank or post office and request a “money order verification”. Depending on your location, there may also be a fee for this service. Some banks and post offices charge a fee for money order verification, so be sure to check with the issuing institution beforehand.

4. Look for Small Details

Most fake money orders are not perfect counterfeits, which means there are usually small tell-tale signs if you know what to look for. For example, fake money orders often contain corrections or typos in the text, or they may be printed on substandard paper or contain suspicious-looking graphics. If you notice any of these small details, you should double check the contact information, verify the funds and contact local law enforcement.

FAQs

How can I tell if a money order is fake?

The best way to tell if a money order is fake is to double check the contact information of the issuer, watch for odd requests, verify the funds and look for small details such as typos or incorrect graphics.

What should I do if I receive a fake money order?

If you receive a fake money order, you should contact local law enforcement immediately. You should also keep all documents and communication related to the money order to help with the investigation.

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