hey everybody payments professor here
assisting with the known US Treasury
check campaign as all of you may already
know the economic impact payments have
been going out and we recently saw 82
million go out via ACH or electronically
like you would see a direct deposit go
now if Sanford checks to start being
distributed the Secret Service has
partnered with the Treasury Department
and they are working in an effort to
help individuals who did not receive
their stimulus payments checks be a
direct deposit to be able to identify
their checks as well as to also help
identify those fraudulent checks that
they say will inevitably start to appear
as well they have the know your us check
Treasury to campaign going and we're
gonna assist with that because in this
video we're gonna discuss the things to
look for in a check in how you can get
that check deposited into your bank or
credit union and even what to do if you
don't have a bank or credit union
account unfortunately in these
unfortunate times the criminals are
looking for ways to take your money so
whether you are an individual or a
financial institution there are some
things that you can use to identify
counterfeit US Treasury checks by
knowing what to look for and where to
look by going through the quick tips or
genuine security features that have been
made public by the Secret Service and US
Treasury if working together in the know
your check campaign one of the first
things has to do with the seal and what
we call bleeding ink the Treasury seal
if you look you will see a new seal to
the right of the Statue of Liberty this
seal it should say Bureau of the fiscal
service this new seal has replaced the
old seal that said Financial Management
Service the seal also has a feature
called bleeding eek that means that win
the seal to the right of the Statue of
Liberty gets moist or wet then the black
ink will run and it will turn red
we have the waterworks security feature
all US Treasury checks are printed on
watermark paper which will read u.s
Treasury it can be seen from both the
first in the back of the check when held
up to a light the check will also have a
protective ultraviolet or UV pattern
which is invisible to the naked eye if
put up to UV light expect to see the
u.s. seal of an eagle or this service
essential word this bulb servants not to
once all at work no uh null tree violet
overprinting that's what it's called
the protective ultraviolet or UV pattern
is invisible to the naked eye but can
also assisted the lines up at the MS
bracketed by the FMS seal on the left in
the US eagle on the right in 2013 though
a new ultraviolet pattern was introduced
into the check that says fiscal servants
now either one of the UV patterns we
just discussed may be seen according to
the know your campaign documentation be
on the lookout for either one of those
another very genuine security feature is
microprinting this means that located on
the back of the check you will find the
words
USA USA USA legitimate checks will also
have Micro printing on the back of the
check with the words
USA USA USA so that's what microprinting
is that's what's gonna be on the back of
legitimate checks
USA USA USA
the economic impact a vacek's will also
count in the lower right side of the
Statue of Liberty imprinted on the check
that we read economic impact payment
president Donald J Trump yeah is there a
way that I can verify this check is
valid
actually there is Treasury does have the
Treasury check verification application
this is an application that is available
on their website this is the web address
ok HTTP colon forward slash port slash T
C V a dot fiscal dot Treasury dot gov or
you can make life easier for yourself in
Google Treasury check verification
application just make sure it goes to a
Treasury gov website ok this site is
very helpful as it has information for
US Treasury checks that can be verified
provided that the financial institution
has a valid routing number a check
number and a check them out to check
against now if no issuer record is in
the check verification application the
TCB a it does not mean that check is
invalid
ok it does not mean that check is
invalid look for those other security
features we were talking about the
website also states to please note that
the TC VA was created as a tool to
assist in fraud detection you still need
a look for all those security features
that we've been talking about that will
be on a US Treasury check the Treasury
check verification application is
available from Monday at 6 a.m. through
Saturday at 12:01 a.m. Eastern time I
don't know if any exceptions have been
made for well having to go up the
pandemic and the release of these checks
but I know that that's what's advertised
on their website questions are coming up
though how can I get my paper check
deposited can still practice social
distancing I've been asked this question
a lot lately especially in some of the
media interviews that I've been doing it
is an answer that this one is well there
are really many answers one way is you
can use an ATM or an idea and
that interactive teller machine most
financial institutions do allow for
check deposits at an ATM or ITM but this
is the butt of this you will most likely
be touching the device and you'll have
to go out into the public or to the ATM
to be able to do this as out of all the
options was stepping up my recommended
option another option though is the
drive-thru window
that's the drive-through window and you
don't have to leave your car window and
you're able to make your deposit you can
also yes we have what's called our DC or
it won't deposit capture in the industry
it is the ability to deposit your check
by taking a picture of the front and
taking a picture of the bench and then
depositing electronically so I've taken
a selfie at the front and a selfie at
the back of your check and then posting
it to Instagram believe it's a picture
of the front of the check and picture
the back of the check and you're not
posting at Instagram don't don't ever do
that you're gonna actually securely send
it to your financial institution for
process most baking apps have this
feature you need to contact your
financial institution though if you want
to sure if it's available and they'll
let you know it's a very very easy
system to use again just take a picture
of the front of the check
sign then take a picture of the back of
the chamber in the app you'll be neither
into the deposit amount these to most
applications are things with the amount
and then you'll select the account which
you want it to be deposited to now where
do I get my way
that's the question always comes up the
funds will appear in your account very
soon as in a day or two after making the
puzzle but what you know it's very
possible that they can appear even
faster than that if you've got questions
about when the funds are going to become
available this is another situation
contact your financial institution
through a valid and secure means if
there are any problems or issues or if
you need to have the funds sooner I want
to stress the balloted secure means your
financial institution is not going to
text you they're not going to be sending
you email saying to do this and this
with your check call them go to their
website make sure you're calling valid
numbers okay and one last thing I want
to be able to point out too is what if I
don't have a bank account and they need
to be able to deposit or cash this
cheque well I actually do strongly
encourage you to reach out to your local
community bank or credit union and see
if they can help you because in some
cases they can't actually help you to
open an account via online channels or I
can do like we mentioned earlier and you
can make an appointment to go in and see
them every region every territory and
even in every town they might operate
slightly differently but I can tell you
this I know here in Tampa where I live
I've heard of and they've even seen
cases where the local banks and the
credit unions well they're going above
and they're going beyond the call of
duty to be able to help out and assist
their communities I also know that many
other community banks and credit unions
around the country are doing the exact
same thing they're there to be able to
help and serve you to be able to help
and serve their communities if there's
anything else we can do to help if
there's a topic you would like to have
discussed or addressed maybe you've got
a question it is always you can email me
Kevin at payments professor comm or you
can message me or CIN leave a comment
down below
and I will do all I can to be able to
get that information to you we are here
to serve you