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Do people not get any messages when they make any transactions? In my county you literally get messages for every transaction. And you also have to add in otp

Do people not get any messages when they make any transactions? In my county you literally get messages for every transaction. And you also have to add in otp for every transaction online.

CSMastermind 4y ago
No - I only get asked for approval on particularly suspicious transactions, normally based on amount, merchant reputation, and geography. I believe this difference is because in the US merchants are on the hook for fraudulent transactions and in the rest of the world the customer is on the hook. So if someone steals my card and makes a bad transaction, I just go into the app, flag it as fraud/not me and no money comes out of my bank account. The merchant ends up eating the cost because it's better for them to eat a small fraud percentage than to add more friction to the checkout process.
- roguesherlock 4y ago
  That’s very interesting. At the same, it is just better to have notifications for all parties involved ?
Mountain_Skies 4y ago
That's opt-in but I think every credit card company in the US offers to alert you by SMS or app notification when a transaction has been made. I have that setup for my cards but it is annoying each month when the internet bill hits my card because they do their processing at 3am.
- brewdad 4y ago
  iOS Do Not Disturb mode from 10pm-7am changed my life. I used to hate getting those 3am notifications on my Android. Most of my cards offer an email notification option rather than SMS or in-app. Much less intrusive.
  - Zhenya 4y ago
    I hate to be that person: Limit interruptions with Do Not Disturb on Android: https://support.google.com/android/answer/9069335?hl=en https://support.google.com/android/answer/9069335?hl=en
  - cuteboy19 4y ago
    There is DnD Android too. Search for it in settings. Usually you can set customisable periods too
- raybb 4y ago
  Definitely not every bank offers this (looking at my small credit union) but most do and it's great! I just wish it would let me know when restaurants add the tip on.
- jhugo 4y ago
  Most of the banks I've dealt with in Europe deliver them as push notifications, and I just tell my phone to summarise them and deliver them silently. So whenever I check my phone anyway, I see that there's been some transaction, but they'll never interrupt me.

Do people not get any messages when they make any transactions? In my county you literally get messages for every transaction. And you also have to add in otp for every transaction online.

CSMastermind 4y ago

No - I only get asked for approval on particularly suspicious transactions, normally based on amount, merchant reputation, and geography. I believe this difference is because in the US merchants are on the hook for fraudulent transactions and in the rest of the world the customer is on the hook. So if someone steals my card and makes a bad transaction, I just go into the app, flag it as fraud/not me and no money comes out of my bank account. The merchant ends up eating the cost because it's better for them to eat a small fraud percentage than to add more friction to the checkout process.

roguesherlock 4y ago
That’s very interesting. At the same, it is just better to have notifications for all parties involved ?

Mountain_Skies 4y ago

That's opt-in but I think every credit card company in the US offers to alert you by SMS or app notification when a transaction has been made. I have that setup for my cards but it is annoying each month when the internet bill hits my card because they do their processing at 3am.

brewdad 4y ago
iOS Do Not Disturb mode from 10pm-7am changed my life. I used to hate getting those 3am notifications on my Android. Most of my cards offer an email notification option rather than SMS or in-app. Much less intrusive.
- Zhenya 4y ago
  I hate to be that person: Limit interruptions with Do Not Disturb on Android: https://support.google.com/android/answer/9069335?hl=en https://support.google.com/android/answer/9069335?hl=en
- cuteboy19 4y ago
  There is DnD Android too. Search for it in settings. Usually you can set customisable periods too
raybb 4y ago
Definitely not every bank offers this (looking at my small credit union) but most do and it's great! I just wish it would let me know when restaurants add the tip on.
jhugo 4y ago
Most of the banks I've dealt with in Europe deliver them as push notifications, and I just tell my phone to summarise them and deliver them silently. So whenever I check my phone anyway, I see that there's been some transaction, but they'll never interrupt me.