There's a new 'get rich quick' scheme being spread around on social media. Write a check to yourself for a large amount, deposit it at your bank, and then withdraw as much money as you can. Because of banking practices, you can withdraw a certain percentage of that money before the check clears, and it may seem like you are getting free money.
The problem is that this is not free money. This is fraud and banks are prosecuting.
This is not any different than when scammers send you a check or other payment in excess of the agreed to amount for a purchase and want you to send them a refund of the overpayment. People have sent out real 'refund' payments before discovering that the amount they thought they had received was not a real transaction. It is illegal and, since you are (innocently?) using your own name and bank information, it is very easy to track you.
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