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Time Frame for Credit Card Fraud

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We have a customer that deposited a check from a friend. The check was a convenience check on the friend's credit card account. Right now the issuing bank tells us that check has cleared. What will happen when the friend gets their credit card statement and they didn't actually write that check and it's fraud? What are the return time frames that credit card checks fall into?

Those convenience checks are subject to the same return time limits as checks on a DDA account. If you get one back that's clearly returned after the midnight deadline, send it back as a late return.

First published on 2/4/13

First published on 02/04/2013

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