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>Many people think checks are magically more secure than credit cards. Yeah but they are not any less secure either. Buy something off amazon give them your c
by stonemetal 17y ago
>Many people think checks are magically more secure than credit cards.
Yeah but they are not any less secure either. Buy something off amazon give them your credit card details number, expiration date, and security number off the back, and they can charge your credit card how much and whenever they want just the same as a check. Fraudulent activity (at least in the US ) has similar liability and penalty rules.
- billswift 17y ago>Fraudulent activity (at least in the US ) has similar liability Not hardly. Until you can collect from someone who rips off your checking account (good luck on that), YOU are liable for the amount (at least until your bank puts a stop payment on the account). With a credit card, you are liable only for the first $50, the card issuer is liable for anything over that.
- stonemetal 17y agoYour right it is better to use a check. In the event of a fraudulent check you are liable for $0, if you report it within 30 days of your statement same time period for credit cards. More than thirty days latter you split the responsibility with the bank, for credit cards it is your problem. The bank that cashed the check is on the hook for the funds in the case of check fraud.