Recently I have been scammed - cheque cleared my account - funds were available according to the bank - I wire transferred the money out - cheque now comes back as being altered and therefore void - my account is debited the money - account is frozen.

In Canada, does anyone know how much liability is put on the bank and how much ownership is left with the consumer.

If each entity has used "reasonable care" in accessing the funds based on the reference of the bank, how much responsibility lies with each party?

Apprecaite any information.

We are being scammed to death and if you read the Toronto Star on a regular basis, all the warnings are there. I don't really think it is the bank's responsibility to catch this error. You wrote the cheque, the money came out, end of story. There is no retribution. Many others have lost and report immediately to the police, they can do little but put up warnings.

You can't find the scammers, you can't go back on the bank (as many people have found out). In this day of on line banking, super fast and easy to access, there are literally no humans to catch these errors as say, 50 years ago.

This is just my opinion and no basis in fact and I have never been caught this way, but some close friends have and one lost everything and will never recover.

ms. tick a concerned canadian too