Quote:
Originally Posted by John_W
Today someone stole your checkbook. The thief writes themself a check on your account for $1,000 and then goes to your bank's drive thru. As you say, they honor the check because it THEIR check and take a $1,000 out of your account. What would you do next, I bet it's contact the bank and say, I didn't write that check, why did you cash it?
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In that case, I think the bank would be responsible for not verifying the signature. But, if they charged the thief a $7 fee, they would only lose $993.