General Discussion

high density

(13,397 posts)

51. The banks are damned if they do, damned if they don't

Thu Mar 8, 2012, 09:10 PM

Mar 2012

I could imagine a similar rant except a scenario where the card was stolen and instead the charges went right through. Now your friend has to wait 90 days to wade through the bank process of getting her money back. If she just used a credit card to begin with it wouldn't have mattered so much.

My debit card doesn't see anything but the inside of my bank's ATMs. My credit cards have been used all over the place. I can only think of two transactions that have been randomly declined in the past 10 years (always somewhere far from home), and trying a second card in my wallet worked just fine.

If you have the credit cards then you should use them. Pay them off every month. Then when the number is stolen and fraudulent charges are made, it's the banks money on the line instead of your own. I even pocket a couple hundred bucks a year in rewards.

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My friend couldn't use her own bank card without her bank's permission. [View all] Justice wanted Mar 2012 OP

This happened to me in Japan Lydia Leftcoast Mar 2012 #1

I notified one credit card when I traveled to Japan. Snake Alchemist Mar 2012 #24

For several years, the banks have asked that you notify them before out of country (or even out of karynnj Mar 2012 #27

The opposite happened to me Art_from_Ark Mar 2012 #48

Is this typical? immoderate Mar 2012 #2

I think it is becoming the norm. My aunt and Friend aren't the first people I heard about these Justice wanted Mar 2012 #3

Our banker in NC asked us to let them know yellerpup Mar 2012 #5

yes. Happened to me when I went on vacation. bank for protecting me from theft Liberal_in_LA Mar 2012 #22

My credit union calls me if anything seems suspicious. silverweb Mar 2012 #4

My credit union does the same thing. LanternWaste Mar 2012 #7

Too true! silverweb Mar 2012 #46

Cashiers who ask for ID are violating the agreement the co. has with cc companies Mosby Mar 2012 #9

They can ASK for ID without violating the agreement. It's REQUIRING it that's a violation Gormy Cuss Mar 2012 #13

That's stupid. silverweb Mar 2012 #47

We used our cards liberally in Tahiti, but it was a while back SoCalDem Mar 2012 #6

Used to happen to me a lot when I went overseas ProgressiveProfessor Mar 2012 #8

Last year we made a major purchase on a credit card and the store recommended that we call the Brickbat Mar 2012 #10

My bank and my credit union do that, too. Mariana Mar 2012 #11

Check with the bank first matt819 Mar 2012 #12

I can see some people wanting this service as a protective measure, BUT woo me with science Mar 2012 #14

I'm conflicted on that. Zalatix Mar 2012 #21

I do appreciate the service when it's not restrictively implemented Occulus Mar 2012 #36

I didn't go too Far THAT IS EXACTLY WHAT HAPPENED in BOTH cases. Justice wanted Mar 2012 #42

I meant *they* went a bit too far Occulus Mar 2012 #44

I am sorry. I understand people on the board understanding the bank side BUT I personally think Justice wanted Mar 2012 #45

Would you be willing to assume liability for fraudulent charges? metalbot Mar 2012 #50

I had it happen to me twice when COLGATE4 Mar 2012 #15

We've had good and bad experiences with this. woodsprite Mar 2012 #16

In 2003 I was in Ireland, 2 weeks after we invaded Iraq...... mrmpa Mar 2012 #17

I e-mailed my bank about an upcoming trip and where I was going. No problems...n/t monmouth Mar 2012 #18

Last week, I was bombarded with phone calls and mail from my CC company's... Tracer Mar 2012 #19

Makes sense to me quakerboy Mar 2012 #33

I had a card stolen in Europe that someone attempted to use in Cairo. Ruby the Liberal Mar 2012 #20

im curious about what cc's people in this thread used Mosby Mar 2012 #23

They aren't her cards - they belong to the bank Dreamer Tatum Mar 2012 #25

NO IT WAS A DEBIT CARD! TWO CHECKING ACCOUNTS! HER MONEY! Justice wanted Mar 2012 #28

You said "bank cards." A bank card is generally considered to be a credit card. Dreamer Tatum Mar 2012 #29

You never got a Bank MAC card with a VISA logo on it to access your account or accounts? Justice wanted Mar 2012 #30

You were not sufficiently clear that they were debit cards. nt Dreamer Tatum Mar 2012 #31

The people at my bank are so nice that I don't mind calling them. YellowRubberDuckie Mar 2012 #26

The second is less troubling than the first quakerboy Mar 2012 #32

It's definitely a two edged sword catchnrelease Mar 2012 #34

While we were building our house I pre-notified my card of a big purchase csziggy Mar 2012 #35

Identity theft protection WolverineDG Mar 2012 #37

Okay. Idea Good Actual Practice BAD! My Friend Should not have to Check in with -Big Brother Justice wanted Mar 2012 #38

And if you travel for a living? You obviously have to get a better bank than these... saras Mar 2012 #39

Exactly. She use to travel a lot for a living. At one point she was going back and forth between Justice wanted Mar 2012 #40

I think they must have some pretty good algorithms ....... oldhippie Mar 2012 #41

The bank has to cover the losses therefore they are monitoring more closely. Pisces Mar 2012 #43

My bank does this and I appreciate it proud2BlibKansan Mar 2012 #49

The banks are damned if they do, damned if they don't high density Mar 2012 #51