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When your bank figures out that you're probably full of shit, are they likely to terminate your account and/or report you to the police for fraud?
by umanwizard 9y ago
When your bank figures out that you're probably full of shit, are they likely to terminate your account and/or report you to the police for fraud?
- saryant 9y agoTerminate, yes. Report you to the police, not sure. Chargebacks for small amounts are often paid by the bank itself because it's cheaper than actually disputing with the merchant, so banks will certainly terminate accounts of customers who abuse that.
- FireBeyond 9y agoI've heard in most cases, banks don't bother investigating / pursuing (credit card) fraud for amounts <$10K.