How to Verify Funds on a Check

It Can Be Tough to Know Whether a Check Will Bounce

Image by Bailey Mariner © The Balance 2019 

If you have any doubts about depositing a check you've received, it’s wise to verify funds and find out whether the check is likely to bounce. If you deposit a bad check, you’ll have to pay bank fees, plus you’ll need to take additional steps to get the money you're owed.

How to Verify Funds

To verify a check, you need to contact the bank that the money is coming from.

  1. Find the bank name on the front of the check.
  2. Search for the bank online and visit the bank’s official site to get a phone number for customer service. Don’t use the phone number printed on the check.
  3. Tell the customer service representative that you’d like to verify a check you received.
  4. Provide the bank account and routing numbers from the bottom of the front of the check.
  5. Provide the amount of the check.

Use Legitimate Sources

The check might have the bank’s phone number printed along with the bank’s name and logo, but don't rely on that phone number for verification. If the check is fake, con artists may have provided a number that goes to a fake “customer service agent,” who will tell you the payment is good. Instead, do your own research to find a legitimate phone number for the bank.

Bank Policies May Pose Challenges

Some banks make check verification difficult or impossible. They may require you to visit a branch in person. Or, they may only verify the account exists, not whether it has any funds, in order to protect their customers' privacy. From there, you have to decide whether or not to take your chances and deposit the check.

What Do You Know?

After you verify funds, you have more information, but you still can’t be certain that the check is good. At best, you might find out that there are sufficient funds available in the check writer’s account at the time of your phone call (or at least as of that morning). So, what could go wrong?

  1. The check writer can withdraw funds from the account before you deposit the check.
  2. You might deposit the check immediately after verifying it, but it can take a day or two for the check to hit the check writer’s account. Even if you deposit the check with your bank’s mobile deposit app, the process might still take a day or two. 
  3. The person who gave you the check might have given you a stolen check or used stolen checking account details. The legitimate account owner may have sufficient funds, but they can reverse the payment once they see that a fraudulent transaction has hit their account.
  4. Other withdrawals, debits, or account holds can deplete funds from the check writer’s account before your check is presented.

When you verify funds, there’s no guarantee that the money will be there for you. The funds are available temporarily, but you can’t reserve those funds. Unless the check is an authentic cashier’s check (which is drawn on the bank’s own accounts) or a certified check, there’s always a risk that the check will bounce.

How to Prevent Problems

The safest way to make sure you get your money is to cash the check in person at the check writer’s bank. You must visit a branch of the check writer’s bank for this strategy to work. If you take it to your bank, and it happens to be a different bank, your bank might give you cash immediately. However, the funds have not yet been collected from the other bank. If you go to the bank that the funds are drawn on, the money comes out of that account immediately.

Using Your Bank?

What happens if you deposit (or cash) the check at your bank? It’s safest to wait several weeks before you spend the money—unless you’re confident that the check is good. You’re responsible for any money you take out of your account, so you’ll have to repay your bank if the check bounces. Your bank's funds availability policy (and federal law) may allow you to walk away with cash, but that doesn’t mean the check is good.

Check Verification Services

If your business accepts checks from customers regularly, contacting banks for every check is not practical. Automated check verification services can help you figure out if you're likely to get paid, but they don't necessarily verify recent account balances. Instead, those services flag accounts and people who have a history of writing bad checks—and that's useful information. Some services even guarantee payment if they fail to alert you to a bad check.

Unfortunately, there is no simple, free tool for consumers to verify checks online. You need to contact the particular bank that the funds are drawn on (or the check issuer), and the bank needs to be willing to accommodate your request.

Red Flags

In addition to asking banks for information, some basic detective work can help you determine if a check is likely to be a fake.

  • Look for a list of security features, which often appears on the back of the check. Next, verify each of those features.
  • Look for microprint, which suggests that the check was printed by a legitimate check printer (and not at a con artist’s home).
  • Look for behavioral red flags, like somebody asking you to give them cash in exchange for a check.
  • If you accept checks from customers, set up rules to reduce the chances of getting ripped off.

Article Sources

  1. Consumer Financial Protection Bureau. "Frauds and Scams." Accessed April 3, 2020.

  2. Better Business Bureau. "Don't Cash That Check: BBB Study Shows How Fake Check Scams Bait Consumers." Accessed April 3, 2020.

  3. Wells Fargo. "Verification of Wells Fargo Accounts." Accessed April 3, 2020.

  4. Chase. "Mobile Deposits." Accessed April 3, 2020.

  5. Office of the Comptroller of the Currency. "Checking Accounts: Understanding Your Rights." Accessed April 3, 2020.

  6. Consumer Financial Protection Bureau. "I Discovered an Unauthorized Check Written on My Account. What Rights Do I Have?" Accessed April 3, 2020.

  7. Federal Trade Commission. "Don't Bank on That Check." Accessed April 3, 2020.

  8. Cross Check. "Use Check Verification to Authorize Checks." Accessed April 3, 2020.