I received a couple of $500 visa traveler's checks in the mail. Is there a way that I can determine if they are legitimate? Where can I cash them if they are real?
First, were you expecting these? If they were sent to you out of the blue or from a recent online transaction, especially an auction, you are wise to question them. One common scam is to over-pay and request the excess funds be returned. Another is to get the goods you may have been selling with the bogus funds.
You can contact the issuing company and attempt to validate them, or speak with your bank. Ask your bank about any special handling they can do with these in the payment process. Two things, don't spend the money until after they have been verified as good and have cleared, and don't send any goods purchased until the funds are verified good.
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First, were you expecting these? If they were sent to you out of the blue or from a recent online transaction, especially an auction, you are wise to question them. One common scam is to over-pay and request the excess funds be returned. Another is to get the goods you may have been selling with the bogus funds. 