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First four are solid, the last one though forgets that you can call your CC company and have the transaction canceled. So the upside of finality with cash is a

First four are solid, the last one though forgets that you can call your CC company and have the transaction canceled. So the upside of finality with cash is a downside here, be it damage/loss/theft all your cash you had ($10-$10,0000) is gone.

nayuki 5y ago
Once the transaction goes through (i.e. not preemptively blocked), you are at the mercy of the bank. Most of the time it works, but I have friends' stories of losing several thousand dollars on a chequing account due to fraud and being unable to convince their bank that they deserve their money back.
boring_twenties 5y ago
That's assuming that you notice the fraudulent transaction, meaning you have to monitor your account regularly and carefully look at each transaction to verify it's legitimate. That's a decent amount of extra work.
- wonderwonder 5y ago
  Its a decent amount of work if you are upper middle class. If you are scraping by with less than $400 for emergencies like 40% of America, losing $25 is probably a flashing red light.
  - boring_twenties 5y ago
    In my experience, people who are "scraping by" usually have to work a lot more than we do, sometimes at two or more separate jobs. That's even less time to sit around and review credit card bills line by line.