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My personal bank sort of gives me that with their fraud protection. If a one off huge charge appears from a company that regularly bills me (but at much smaller
by corford 9y ago
My personal bank sort of gives me that with their fraud protection. If a one off huge charge appears from a company that regularly bills me (but at much smaller amounts), their fraud system sends a text asking if I want to authorise or block the charge.
The second bank account is really more for protecting you against black swan events. If all your accounts are under the same bank and have the same owner, there's nothing stopping the bank taking funds from one of your accounts to make up for shortfalls in another.
- yeukhon 9y agoCaptialOne does this pretty well. So far it is the only bank I have come across would alert me they are blocking the transaction for a few days so I have a chance to review and if I don't they will release the block. Every 6 months or so they have someone called me up to verify recent transactions.
- snuxoll 9y agoHell, their mobile app alerts me the moment a recurring charge posts for a different amount than normal, if I put my NYT delivery on hold for travel or something I can guarantee the next two months I'll get an alert to review the transaction (though they don't outright block it)