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My wife and I had a somewhat similar thing happen, one week before our wedding. She had a debit card declined at Starbucks. Someone had printed a business chec
by skipkey 2y ago
My wife and I had a somewhat similar thing happen, one week before our wedding. She had a debit card declined at Starbucks.
Someone had printed a business check with our account number, made out to a name that matched a dead person on the sex crimes registry, and then someone had cashed that check at a bank in New Jersey. The check was for over $11k, and left about $20 in the account.
Now, we never left that much money in the account generally but we had transferred some in to settle with the various vendors and for spending cash on the honeymoon.
The good news was that Chase saw it as fraudulent immediately and the money was back in our account in less than 48 hours, and they put a few thousand in before then so we could travel.
- bradley13 2y agoSecurity is hard, in whatever field. Customers do want to be able to get service at their bank, without jumping through crazy hoops. That said, bank security in the US is generally awful. Checks should not exist - they are a concept out of another era. Actually, in the US, just having someone's account number enables you to withdraw money from their account. That is just nuts. By now, all money transfers should be electronic and immediate. Where I am, we use the "Twint" service. Want to pay in a shop? Scan a QR code off the card reader, then click ok. Want to send money to a private person? Select them from your contacts, enter the amount, click ok. Transfers are completed in seconds, which also eliminates the issue of bouncing checks.