Be Sure To Check Your Accounts Guys!!

chrisw1968uk · ‎02-25-2022

Hey Everyone

Last night, DW got a text from Chase, saying that they had declined a charge due to potential fraudulent activity. We called them and confirmed the charge was fraudulent - There were 43 attempted charges on her account yesterday!!!!!! - Grub Hub, Footlocker and many more

- Just a reminder to regularly check your accounts

Anonymous · ‎02-25-2022

I set up text message purchase alerts on all of my cards. It's a valuable feature for detecting fraud. It also reduces the need to check accounts frequently.

Cowboys4Life · ‎02-25-2022

I agree with the text alerts. I am dealing with outright identity theft now that was stopped before too much damage thanks to text alerts.

I got one from Discover that they attempted a $1200 charge on line. I immediately called Discover and they denied the charge, closed the card and issued a new one. Within a few days I got notified by Marriott Bonvoy they had raided my loyalty account for all the points. Marriott still has not fixed it after calling their useless overseas customer service mutiple times and spending over an hour on hold. I have filed the FACTA, filed a police report, and put fraud alerts/frozen all bureaus.

Now I have an alert the person created a new identity using my name/social security number, different DOB, new zip code on the other side of the country and new phone number. I will have to be on top of this for YEARS and more than likely the cops will do nothing.

With all the recent data breaches EVERYONE should have their reports frozen. This isn't going to stop.

GApeachy · ‎02-25-2022

Glad Chase was on top of this with a quickness and alerted her quickly so she could be proactive in other areas. I'd even disable debit cards if at all possible or at least leave minimal amt. of money in accts. linked to debit cards. That money is harder to get back....or it's tied up longer than you'd like with certain FI's.

My Take Home Pay Don't Take Me Home

Anonymous · ‎02-25-2022

@Cowboys4Life wrote:

With all the recent data breaches EVERYONE should have their reports frozen. This isn't going to stop.

This. Especially as it is now free in all states (since Sep 2018. https://www.valuepenguin.com/states-where-freezing-your-credit-will-cost-you-most shows some previous costs, despite the claim it was updated in 2021!) And as an additional plus for MyFico, you have to do the unfreeze step, which MIGHT slow down, a little, "might as well" apping!

GApeachy · ‎02-25-2022

@Anonymous wrote:
MIGHT

....yeah...."Might".

My Take Home Pay Don't Take Me Home

disdreamin · ‎02-25-2022

@Anonymous wrote:
I set up text message purchase alerts on all of my cards. It's a valuable feature for detecting fraud. It also reduces the need to check accounts frequently.

I don't know how I didn't set those up before, thank you for mentioning it.

disdreamin · ‎02-25-2022

@GApeachy wrote:
Glad Chase was on top of this with a quickness and alerted her quickly so she could be proactive in other areas. I'd even disable debit cards if at all possible or at least leave minimal amt. of money in accts. linked to debit cards. That money is harder to get back....or it's tied up longer than you'd like with certain FI's.

Any debit cards in my household are tied to an account that has limited funds in it specifically for debit purchases. The account is tied to primary checking and savings so funds can be transfered in for larger purchases, but in general only a few hundred are kept in those accounts. Want to make a purchase? Tranfer funds first.

Completely agree on the hassle of recouping stolen funds once it's gone from a checking/savings account. That's why credit cards are the go-to around here for all purchases where they can be used. I like the protection.

coreyb80 · ‎02-25-2022

Funny you mention this. I checked my Penfed Gold account Tuesday and noticed someone had been using my card for Amazon. I had a $100 that had posted and then almost $300 in other charges pending. Account closed and card re-issued. Just waiting for the refund on the charges at this point. Fraud seems to be at an all time high and it's frustrating, but thank God for credit card companies willingness to help get these issues resolved and quickly.

Crowhelm · ‎02-25-2022

@Cowboys4Life wrote:
I agree with the text alerts. I am dealing with outright identity theft now that was stopped before too much damage thanks to text alerts.

I got one from Discover that they attempted a $1200 charge on line. I immediately called Discover and they denied the charge, closed the card and issued a new one. Within a few days I got notified by Marriott Bonvoy they had raided my loyalty account for all the points. Marriott still has not fixed it after calling their useless overseas customer service mutiple times and spending over an hour on hold. I have filed the FACTA, filed a police report, and put fraud alerts/frozen all bureaus.

Now I have an alert the person created a new identity using my name/social security number, different DOB, new zip code on the other side of the country and new phone number. I will have to be on top of this for YEARS and more than likely the cops will do nothing.

With all the recent data breaches EVERYONE should have their reports frozen. This isn't going to stop.

Yup, always do. It can be a hassle but worth the peace of mind