AAAGGGHHH! VICTIM OF FRAUD!

This happened to me once. A store clerk had apparently taken a photocopy of my check and printed the bank routing and account numbers on duplicate checks.

Oddly, I was touched for about 8K as well...probably a "Sub 10K, IRS" thing?

 

If the bank tried to call then they had suspicions and should have frozen the account even though they were not able to get a hlod of you. You should demand that the bank replace the stolen funds into your account.

 

This is the exact reason why I dont use debit cards or credit cards linked to my bank account.

 

Will you get your stolen money back? or are you out of luck?

 

I did.

 

Good news!

 

ditto

 

\Do you transfer funds to a separate "holding" checking account to use then?

 

I am glad your bank credited your account. Good sign to see a bank come through.

When I was 18 I got a credit card with my mom as a co-signer. That card only had a $500.00 limit. Over the years I have kept that card and purposely kept the limit at $500. I use it for gas, out of state purchases, and purchases at restaurants. I have other credit cards I use for larger purchases.

 

I doubt the bank is eating the loss. I assume that someone has a physical copy of your card. Most likely, you paid for something at a gas station, convenience store or something like that, and someone working there had a card reader which scanned and read the numbers on your card. Then they programmed another card with your card number and signed it themselves. That way, when signing a receipt it looks identical to the signature on the card, because it is!

I am pretty sure the bank will do chargebacks with the vendors and the vendors will be the ones eating it. I know that whenever we are a victim of CC fraud, WE foot the bill. Any one of the vendors who allowed things to be charged could have checked the ID of the person making the purchase. Some probably did, and the perp said they had no ID on them and the charge was never attempted. In a retail store like Best Buy or The Apple store, they should

A) have cameras pointing at the registers to get a face-shot of everyone making a purchase to assist cops in ID'ing a criminal
B) Check ID for any sizeable purchase - maybe anything over $200 or so, or maybe any purchase to be really safe
C) Not rely solely on the register monkeys (who are often kids who are completely untrained in signature verficiation or worse, don't care)

Glad to hear things worked out. Anyone using the "VISA" or "MasterCard" logo must comply with the terms of those companies charge agreements. That usually involves limiting customer liability to $50 in the event of fraudulent charges.

I had a guy ding my business VISA card for $7500. The thing is it was in frickin Spain of all places. It was jewelry and watches that were charged and it was through an online website. What kind of moronic site owner allows a US credit card to buy many thousands of $$ worth of jewelry and drop ship it to some address in Spain?!?!

 

Actually you are almost correct - the insurance that the bank carries will be the ones that cover the charges - in most all cases the vendors do not have to cover - since the card company is the one that supplies the readers and verification processes.

In the case where you as the card holder does not accept the goods, dispute the charges or overcharges - the credit card company will process against the vendor - however in the case of fraud - this is usually not the case.

 

Thanks for the correction - interesting info!