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Unauthorized withdrawals happen all the time at banks. They don't just reverse money because you claim it was unauthorized. You have to prove it. Within a limi
by devwastaken 4y ago
Unauthorized withdrawals happen all the time at banks. They don't just reverse money because you claim it was unauthorized.
You have to prove it. Within a limited time period. Under certain transaction types. Good luck doing that.
- adrr 4y agoThey have to prove its authorized and they have 30 days to do it per Reg E. For fraud like this, they have to get you to say "i shared my password with someone". This is literally in the reg e law. You have a duty to notify you bank in a certain period of time(60 days). Bank is under very different rules than paypal or crypto exchange. https://www.consumerfinance.gov/rules-policy/regulations/1005/6/#b-2 https://www.consumerfinance.gov/rules-policy/regulations/100...