This is just another example of the failure of electronic transfer. Technology has advanced but so has the criminal mind…however, business has not caught up with either – except that banks have taken steps to protect themselves instead of the consumer. Who knows maybe the banks are floating fake checks like the Federal Reserve is printing fake dollars?!
Imagine waking up one day to find your bank account has not only been compromised, but that more than $30,000 in fraudulent checks have been written on it. Then to make matters worse, once things seem to be resolved, another bogus charge is placed on an entirely new account.
This is what happened to Consumerist reader Lisa, who recently received a call from a Chase bank because someone there believed a newly deposited check was a fake.
It was. Then Lisa looked at her Wells Fargo bank statement and found that in a matter of a couple days, a total of $32,526.27 had been drained from her account, putting her more than $30,000 into overdraft.
The Wells website had scans of the 30 scammy checks, which Lisa had obviously not written. The checks were fakes that had been created using her name and account number, but Lisa knew these weren’t…
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Deadly Clear 
The banks have been caught in crime at every peel of the onion. I have been believing the banks are involved with identity theft and holding money boucning checks for check fees then ten minutes later putting the money in the account. This I caught years ago and made the bank put it back at Columbia bank a local bank. They are nothing but criminal entities. Now I see funds held for days so I account for days of the funds being held. This is a credit union I have been with now for ten years. So the credit unions are not beneath a crime either. But I wont deal with a big bank for nothing. People need to draw their money supporting their crimes out of the big banks and bleed them dry. Boycott banks and any fees they can earn from you. Tighten your belts and dont take out loans of any kind.