In what country do you live? In America, users are liable for the banks stupidity. If they don’t verify credentials and give away all of my money, I do NOT get it refunded, they are NOT responsible, and I am the victim of “identity theft.”
I live in America. I have got back every single cent I have lost due to fraudulent charges on my account. Furthermore, I was refunded instantly by the bank pending investigation.
The bank you have did the right thing and I think most banks and credit unions will do this, as it’s bad for a lot of reasons not to.
That said, the legal obligations around how this works is very different. One of the reasons common advice is use a credit card for online purchases instead if a debit card or checking account link is because of the fact that they have different liability expectations around fraud[0]
[0]: there are of course a multitude of good reasons for this advice generally speaking, but this one is cited a lot
Are you mixing up fraudulent credit card charges? Because that's a whole lot other story. I can't even imagine you would be able to get any fraudulent debit card charges back from the bank.
terminalshort|6 months ago
no_wizard|6 months ago
That said, the legal obligations around how this works is very different. One of the reasons common advice is use a credit card for online purchases instead if a debit card or checking account link is because of the fact that they have different liability expectations around fraud[0]
[0]: there are of course a multitude of good reasons for this advice generally speaking, but this one is cited a lot
cromka|6 months ago
unknown|6 months ago
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