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The Watercooler
Debit Card Management
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<blockquote data-quote="skeeter" data-source="post: 361489" data-attributes="member: 439"><p>Please be careful with debit cards. husband found that out the hard way (I refuse to get one). Last year this very weekend someone compromised his number and charged over $4000 worth of transactions on it. I just happen to look at our account and found it (and eventually there was a charge high enough it was flagged).</p><p>We figured out it came from a transaction at a local restaurant, and were told by the bank that's quite common - when they take your card "away" to do the charge.</p><p>We eventually got all of our money back, but it took a month for some of the transactions to clear up.</p><p></p><p>We got rid of the card after that and went strictly to a credit card (which we pay off every month). At least you have 30 days to "catch" the fraud and can't have your account drained.</p></blockquote><p></p>
[QUOTE="skeeter, post: 361489, member: 439"] Please be careful with debit cards. husband found that out the hard way (I refuse to get one). Last year this very weekend someone compromised his number and charged over $4000 worth of transactions on it. I just happen to look at our account and found it (and eventually there was a charge high enough it was flagged). We figured out it came from a transaction at a local restaurant, and were told by the bank that's quite common - when they take your card "away" to do the charge. We eventually got all of our money back, but it took a month for some of the transactions to clear up. We got rid of the card after that and went strictly to a credit card (which we pay off every month). At least you have 30 days to "catch" the fraud and can't have your account drained. [/QUOTE]
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