Based on a personal experience this past Friday I would have to vote yes on this action. A female named Sue Hong used a debit card with her name and another person’s debit card number on it to buy jewelry and clothing in Thornhill Ontario - two charges totaling $1800 and change. Card she used was for my grandson - who is not a boy named Sue - and who resides in the middle of the U.S. What an ordeal this is going to be. At least with a $100 limit in place it might have taken her longer to accomplish this horrible theft.
” At least with a $100 limit in place it might have taken her longer to accomplish this horrible theft. “
So, your solution is to disrupt the commercial life of all, for the convenience of the few...
As long as you’re at it, make it illegal for anybody to carry more than $10 in cash to minimize the ‘take’ for muggers....
Or we could just stop all money-based economic activity altogether, and then nobody would ever lose any money....
I was a victim of identify theft years ago and it was a lot worse then just some charges so I can sympathize with your grandson. The places allowing those charges by a female should also bear some responsibility as you pointed out your grandson is not a boy named Sue Hong.
However placing restrictions on everyone because of a criminal is an over reaction same type of argument could be made for example on guns. Oh that’s right they already try to do that see what I mean freedom is a slippery slope once you give up an inch they take a mile. Furthermore, I detest these banks threatening us they should be glad they are still around if not for public largesse they would be gone.