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that drains your account. This is barely dangerous imo. Inconvenient perhaps but not dangerous. The reason being your bank will refund the money. The dangerou

• ryandrake 9y ago
  > The dangerous ones are those that take tiny amounts monthly that you just won't notice. Wait, what? How are you not going to notice? Every transaction is a line on your statement which, I think, all banks issue monthly. Besides, if you have a computer, you can download all transactions (to Quicken or similar software) every day or two and verify all your new transactions. If you have a phone, Many banks and cards can even be set up to notify you on each transaction. If there was fraud on my account I’d know instantly, at worst within two days.
  • jhbadger 9y ago
    Most statements (at least in the US) have very cryptic descriptions though. For example there might be an entry for EPC #008 for $2.95, and by deduction I can figure out that is the identifier for the coffee kiosk in the lobby of my building, but there is no way I would be be able to identify all transactions. Normally it doesn't really matter except for large transactions which I would remember. I can see a small fraudulent charge going unnoticed.
    • wmertens 9y ago
      My bank's app sends a notification for every transaction. So normally, I pay, and seconds later my wrist buzzes and I can check the amount. Thanks to this I caught a fraudulent online transaction for 1.2 million columbian pesos(?) and was able to block my card immediately after.