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Special Alerts

SA-275-2007
October 17, 2007


TO: CHIEF EXECUTIVE OFFICER (also of interest to Security Officer)
SUBJECT: Counterfeit Cashier's Checks
Summary: Counterfeit cashier's checks bearing the name The Bank of South Carolina, Charleston, South Carolina, are reportedly in circulation.

The Bank of South Carolina, Charleston, South Carolina, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 053201872, which is assigned to The Bank of South Carolina. The counterfeit items are markedly dissimilar to authentic cashier's checks and have ornate top and side borders. The words "CASHIER'S CHECK" are centered inside a rectangle in the top center. A heat-sensitive circle with "RUB HERE" repeated twice is displayed in the top- right corner. A security padlock icon and feature statement are on the right side. The bank's name and location are displayed in the lower-left corner. The statement "Two Signatures Required For Over $5,000.00" is printed above two signature lines in the lower-right corner. The items are white with blue borders and black print.

Authentic cashier's checks display the words "CASHIER'S CHECK" in the lower-left corner. The bank's name, location and telephone number are centered below the top border. The checks have one signature line and are buff in color with brown borders and print.

Copies of a counterfeit item and an authentic check (VOID) are attached for your review. Be aware that the appearance of counterfeit items can be modified and that additional variations may be presented.

Any information you have concerning this matter should be brought to the attention of:

Sally Altman
Senior Vice President
The Bank of South Carolina
256 Meeting Street
Charleston, South Carolina 29401
Telephone: (843) 724-1500
Fax: (843) 724-1513
E-mail: saltman@banksc.com

Information about counterfeit items, cyber-fraud incidents and other fraudulent activity may be forwarded to the FDIC's Cyber-Fraud and Financial Crimes Section, 550 17th Street, N.W., Room F-4004, Washington, D.C. 20429, or transmitted electronically to alert@fdic.gov. Questions related to federal deposit insurance or consumer issues should be submitted to the FDIC using an online form that can be accessed at http://www2.fdic.gov/starsmail/index.asp.

For your reference, FDIC Special Alerts may be accessed from the FDIC's website at www.fdic.gov/news/news/SpecialAlert/2007/index.html. To learn how to automatically receive FDIC Special Alerts through e-mail, please visit www.fdic.gov/about/subscriptions/index.html.

Sandra L. Thompson
Director
Division of Supervision and Consumer Protection

Attachment (not available electronically)

NOTE: As a security precaution, the FDIC does not post to its Web site electronic images of fraudulent items or authentic checks that have been counterfeited. This is to avoid attempts by others to use these instruments to facilitate additional fraud. Financial institutions can view images of the fraudulent items and authentic checks (marked as VOID) using the FDIC's free, secure Web site, FDICconnect. (See more information about FDICconnect at http://www.fdic.gov/news/news/financial/2006/fil06032.html.) Printed copies of each Special Alert and its attachment(s) may also be obtained from the FDIC's Public Information Center (telephone: 1-877-275-3342 or 703-562-2200; fax: 703-562-2296; or e-mail: publicinfo@fdic.gov).

Distribution: FDIC-Supervised Banks (Commercial and Savings)




Last Updated 10/17/2007 communications@fdic.gov