<quote who="John Oliver"> > Except for one thing... if it's stolen or "hacked", your money > disappears from your account. That can cause a cascade of other failed > payments, fees, hassles, etc. With a true credit card, you get a > statement about how much the thief racked up, and you call them and say, > "No thanks, not mine, I won't be paying". I know must reputable banks > will act to make things right if a debit card is used to clean out your > account, but immediately?
I had this happen to me about 5 years ago with Wamu. Someone bought over 1000 bucks worth of cigarettes and beer at three Piggly Wiggly's in the greater Charlotte metropolitan area. I didn't notice for a few days and checks bounced, etc. WaMu investigated and provisionally returned my money within a day, did all the paperwork for me, returned the NSF charges and wrote letters to a few of the companies that I NSF'ed to explain what happened, etc. I have no idea if this is normal, it doesn't seem like it should be, given banks' reputations for customer service, but in my case it worked out. Maybe I just happened to get the hot-shot loss management clerk that was gunning for a promotion. On the flip side, WaMu monitors my account for 'unusual' activity. Unfortunately, buying a MacBook for my wife was unusual and that transaction was rejected until I called them to authorize it. So it can go both ways. -Matt -- KPLUG-List@kernel-panic.org http://www.kernel-panic.org/cgi-bin/mailman/listinfo/kplug-list
