“Your DR card was hacked? You are supposed to be insured. No reason to stop using one.”
Of course we are insured. All we had to do was prove we were not in Burma during a 18 minute period around Midnight in which our account was siphoned off in $15 increments every 90 seconds. Thankfully our Bank “Cancelled” our Debit Card.
In spite of providing a Certified Passport Image showing no such Entry or Leaving of the U.S. to Burma, verbal discussion with Branch Manager, etc. - We were invited to contact the Burmese Officials to discuss returning our money.
You would be very surprised how much your Debit Card is not covered.
Scrooge and Marley aside - when a government can create Trillions of Electronic Dollars such can also be removed by those who chose to.
I agree about debit cards. Credit cards seem to be much more reliable about removing fraudulent charges from your account. I assume credit cards are making much more profit off of their service and can afford to absorb the fraud.
>>You would be very surprised how much your Debit Card is not covered.
Scrooge and Marley aside - when a government can create Trillions of Electronic Dollars such can also be removed by those who chose to.<<
It is MUCH MUCH easier to alter a check — handwritten or, if the perp is lucky, typewritten — than hack a DR card.
And I *NEVER* *EVER* use my DR card. I didn’t want to get into why you don’t have a CR card (I have 3 so if I ever have a problem I have a fallback). I pay $0 in interest since I pay it to zero ever month and I pay $0 in charges because I am a good customer of over 20 years.
So — why don’t you use a CR card? They don’t cost anything and are a lot more protected than DR cards.
As for the government creating money — they don’t use plastic to do that.
The day of the check is long gone: I will be amazed if manually written ones are accepted by anyone in 10 years.
Right. That is why I really don't like them. Debit card reimbursement policies and limits are bank policy only and can be changed by the bank. The credit card loss limit is $50 as long as you notify within the prescribed time limit. The banks are pushing debit cards very hard, however. The latest attempt I have seen is to reissue the teller machine cards as combined teller/debit cards.
You would be very surprised how much your Debit Card is not covered.
I still write checks for the monthly bills....unless I can trust the company I am dealing with. I will not pay bills on-line because if someone were to get into your bank acct they can clean it out. Only a fool thinks “secure website” is really secure