Someone hacked my debit account and my bank caught the fraud

fancicoffee13 said:
But, what about the high percentage rate and making payments on it? I got rid of credit cards a long time ago because of making payments and the high rate of interest. I guess you buy something and turn around and pay it off immediately that month?
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Yes, never, never, never carry a balance month to month. (If you can).
Get in a habit of never purchasing anything unless you can pay the balance every month.
The high rates is where they ripoff customers.
The industry calls us, 'deadbeats', people that pay their credit cards off every month. There is no money to be made on those transactions. Sure they still get the 2,3,4% merchant cut, but their 'bread and butter' is the consumer paying the high interest rates. Don't fall into that trap of high interest rates if at all possible.
 

Another thing with checks, many people (here in the US anyway), pay their bills with checks.
They put the check in their mail boxes, and lift the arm up indicating there is mail to be picked by the post office.
This is being used by scammers more and more.
They drive through neighborhoods, see that there is mail to be picked up, thinking its a check, take the outgoing mail.
If there is a check, they have your most personal account information (routing code of your bank and account number). That will allow them to make more checks.
If you are going to mail checks, go directly to the post office and mail them that way. Its an added layer protection.
 
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Sippican said:
Another thing with checks, many people (here in the US anyway), pay their bills with checks.
They put the check in their mail boxes, and lift the arm up indicating there is mail to be picked by the post office.
This is being used by scammers more and more.
They drive through neighborhoods, see that there is mail to be picked up, thinking its a check, take the outgoing mail.
If there is a check, they have your most personal account information (routing code of your bank and account number). That will allow them to make more checks.
If you are going to mail checks, go directly to the post office and mail them that way. Its an added layer protection.
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Yep, I mailed my school tax remittance this morning at the PO. I'm not leaving a check for over $2500 out in public.
 

debodun said:
Yep, I mailed my school tax remittance this morning at the PO. I'm not leaving a check for over $2500 out in public.
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Its not that they can cash the check, its the MICR encoding at the bottom they want. Then they can create their own checks well over $2500.
If they tried to cash it, it wouldn't be accepted by the bank,
 
My father's brother's checking account was hacked a few years ago. He lived like a recluse and had to TV or radio, so he didn't know about these dangers. One day he received a phone call telling him there was a problem with the check he used to pay his phone bill and the needed his account information to straighten it out. Trustingly he provided it. When he received his next bank statement, $15,000 had been withdrawn from an ATM machine located in a mid-western state.

I pay my utility bills by ACH.
 
Sippican said:
Its not that they can cash the check, its the MICR encoding at the bottom they want. Then they can create their own checks well over $2500.
If they tried to cash it, it wouldn't be accepted by the bank,
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There's also "check washing" where the dollar amount and payee's name are changed and the check gets cashed.

These days I only write checks for gifts, and will probably move to Zelle or some other method else soon.
 
I use a credit card when I buy stuff, my wife takes care of the financial stuff, my wife has debit cards and credit cards. I think the only thing she uses the debit card is getting cash from at an ATM machine. The debit cards are free from our banks and are password protected. So, if someone gets the numbers of the card, they would not be able to use it because they would not know what the password is.
 
Lawrence said:
I use a credit card when I buy stuff, my wife takes care of the financial stuff, my wife has debit cards and credit cards. I think the only thing she uses the debit card is getting cash from at an ATM machine. The debit cards are free from our banks and are password protected. So, if someone gets the numbers of the card, they would not be able to use it because they would not know what the password is.
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well somehow someone got my pin on my debit card .

it had to be from within the banking system since that card was only ever used at the lobby of our capital one bank .it has never been used anywhere else .

that pin makes it no more secure ….many debit cards can still be used as credit with no pin too .

it can be very difficult to get reimbursed when a pin is used .in my case they saw that card never saw the light of day except at the bank atm
 
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debodun said:
My father's brother's checking account was hacked a few years ago. He lived like a recluse and had to TV or radio, so he didn't know about these dangers. One day he received a phone call telling him there was a problem with the check he used to pay his phone bill and the needed his account information to straighten it out. Trustingly he provided it. When he received his next bank statement, $15,000 had been withdrawn from an ATM machine located in a mid-western state.

I pay my utility bills by ACH.
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There is NO ATM that could possibly deliver thousands of dollars in cash, in one transaction . So I call BS on that one. JImB.
 
Last time I checked (and it was a long time ago), you could only get so much from any one ATM visit. I think it was $300?? So, to get $15,000 would mean a lot of driving.

Anyone remember this stuff?
 
Devi said:
Last time I checked (and it was a long time ago), you could only get so much from any one ATM visit. I think it was $300?? So, to get $15,000 would mean a lot of driving.

Anyone remember this stuff?
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Yes, I do. Nowadays different ATMs have different limits. Some are as high as $1,500, or possibly more. That's still 10 different ATMs. Oddly enough, you can get as much as you want from a savings account, but Deboden said that the scammer was talking about a problem with a check. Maybe they had him also give his info for his savings account at the same time. That's all I can think of.
 
Devi said:
Last time I checked (and it was a long time ago), you could only get so much from any one ATM visit. I think it was $300?? So, to get $15,000 would mean a lot of driving.

Anyone remember this stuff?
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https://www.usnews.com/banking/articles/atm-withdrawal-limits:
Different banks allow different amounts within a 24 hour period. Chase is the highest at $3000/ day for ATMs. Others range from $300 - $2500 per day.

For many years, however, nearly all banks limited withdrawals to $300/24 hour period, no matter what ATM was visited.

So it's conceivable that someone could have stolen $15K in cash from his account over a month's time, but only fairly recently, and his bank would likely have put a "possible fraud" hold on his account and contacted him during that month.

A more likely scenario: Deb was told a highly exaggerated story to reinforce her family's (false) narrative that credit card fraud can cost you everything you've got and then some. It was merely extended it to ATMs & debit cards, and she has subsequently piled online shopping to the bonfire.
 
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StarSong said:
https://www.usnews.com/banking/articles/atm-withdrawal-limits:
Different banks allow different amounts within a 24 hour period. Chase is the highest at $3000/ day for ATMs. Others range from $300 - $2500 per day.

For many years, however, nearly all banks limited withdrawals to $300/24 hour period, no matter what ATM was visited.

So it's conceivable that someone could have stolen $15K in cash from his account over a month's time, but only fairly recently, and his bank would likely have put a "possible fraud" hold on his account and contacted him during that month.

A more likely scenario: Deb was told a highly exaggerated story to reinforce her family's (false) narrative that credit card fraud can cost you everything you've got and then some. It was merely extended it to ATMs & debit cards, and she has subsequently piled online shopping to the bonfire.
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we take 500 from our bank atm all the time
 
Got a letter from the fraud dept. at my bank. The investigation into the $162 used by someone who hacked my debit card to place bets on sporting events. They say there was no fraud that they can prove, so I am out that money. I have a Discover Credit Card now. I am not going to use that new debit card online, or novel places in town. :mad:
 
I've used my BofA debit card over years for small cash ATM withdrawals and especially at gas stations pumping fuel. Yes was once hacked on a road trip after using an Indian casino gas station far from where I live that then someone tried to buy some items with the bank immediately put on hold preventing payments, contacted me about, then provided a new card. In any case the debit card $$ transaction values at BofA are low, just chump change. I also without worries, still use paper checks for a few bills and do not use online account banking.
 
Banks are very insistent about issuing debit cards. I decline all except for one bank, and don't use that one other than for an ATM withdrawal every other month or so, and as ID when I go inside the bank.

I'm sorry this happened to you, @Paco Dennis. So infuriating.
 

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