Someone we know racked up 23 overdraft charges at 32$ a pop on their debit card plus the actual charges themselves, claiming to us they didnt know would be charged then turning around and claiming to the bank the card was stolen. what do you think will happen???
banks gonna forget about it and charge the rest of us more making it easy on them??
banks gonna do a little work (god forbid) , involve the police and check security cameras at the places where the card was used and prosecute??
2006-08-06 08:44:51 · 5 answers · asked by starrysmaster 1 in Business & Finance ➔ Personal Finance
In my experience, all the person would have had to do was call the customer service at the bank or go to the branch and explain the situation. If they explain to the bank (it would probably have to be escalated to a bank manager) that they can not affor d all those fees and this was an isolated incident, the bank would have issued a "good-samaritan waiver" and they would forgo the fees. It's true that honesty is the best policy. People are kind by nature and understand that people go through hard times. I doubt that the bank would pursue a prosecution. But you are right, next year the fees will probably increase to $33. HaHa... We can't hide from that. It's going to happen regardless, right? SIGH.
2006-08-06 08:56:45 · answer #1 · answered by Mister 2 · 0⤊ 0⤋
The bank's first question is going to be, "When did you notice the card was stolen?" The second question is going to be, "How did the theif get the PIN number?" If a thief has your PIN, you're pretty much hosed, there is no limit to the liability unless you notify the bank immediately. Any transactions that post prior to notification will be on the cardholder. If the purchases were signed for, it's pretty easy to verify the signatures.
The bank will investigate the claim, but your "friend" is going to have to swear out a statement under penalty of perjury. If it's apparent that it was all a scam, it's likely that the bank will turn it over to the DA's office for prosecution.
2006-08-06 16:17:40 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
I believe the bank will launch an investigation if fraud is claimed, and if the amount in question is over $500.00. I can't understand how the bank did not catch this sooner - especially considering they were MAC debits. Maybe the person who told you this is telling you a fish story, as well as telling the bank one.
2006-08-06 15:52:17 · answer #3 · answered by Brendy 4 · 0⤊ 0⤋
this is my guess
banks gonna do a little work (god forbid) , involve the police and check security cameras at the places where the card was used and prosecute
2006-08-06 15:49:44 · answer #4 · answered by cin_ann_43 6 · 0⤊ 0⤋
The someone you know is a fool. There are severe consequences for fraud. Credit card companies have delegated departments that deal with claims such as these. This someone, if he/ she realized the trouble they will be in, they wouldn't put their head down to rest. This is criminal---poor decision!!!!
2006-08-06 15:57:03 · answer #5 · answered by masaouda 2 · 0⤊ 0⤋