If someone sends you a check for more than the agreed amount and asks you to send the extra back, stop right there—it’s likely an overpayment scam. This trick has been around for years, but it’s still catching people off guard.
Overpayment scams often start with something that seems legitimate: you sell an item online, rent out a property, or offer a service. The scammer “pays” you with a check or money order that looks real—but it’s fake. They’ll say they accidentally sent too much and ask you to return the difference through a payment app, wire transfer, or gift cards. Days later, your bank notifies you the original payment was bogus, and by then, your real money is long gone.
This scam preys on your good intentions and the time it takes banks to detect fraudulent checks. Always wait for a check to fully clear before refunding any money. And even better—be suspicious of overpayments in general.
To stay safe:
- Never refund money to someone who “accidentally” overpays.
- Use secure, trusted platforms when selling items online.
- Don’t be rushed—scammers want you to act before thinking.
- If in doubt, talk to your bank before taking any action.
Being cautious and taking your time with transactions can save you from losing money to a scam designed to look like a generous mistake.
