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As our lives become increasingly digitised, the use of cheques and cash is declining, but counterfeiting is still a very real issue. In fact, seeing cash and cheques less frequently can mean that we are less familiar with what to look for when it comes to counterfeit transactions.
Australia has one of the lowest rates of counterfeit money in the world thanks to the sophisticated anti-fraud measures in our banknotes. If you have concerns about whether a banknote is real, you have the right to refuse to accept it. If you suspect that a banknote may be counterfeit, you can check it by:
If you think that you may have received a counterfeit banknote, you should:
If you are using cheques, it’s important to ensure that you fill out the details of the cheque completely, to ensure that fraudsters can’t cash it themselves or edit the amount.
If you’re receiving a cheque, in many cases a fraudulent cheque can be detected by its appearance. Here’s what to look for:
If you have been targeted by a scam relating to your Qudos account, visit our webpage Reporting Scams to find out who to contact.