How bank account takeover scams work and can happen at any bank
Published 2022-09-20
All Comments (21)
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They didn't explain what it is or how the criminals do it. They just told a story of someone fraudulently ordering a replacement card and using it - what methods allow them to get the info they need to do that? Using a banking app with wifi?
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Don’t use a debit card; use a credit card and check your credit card statement every month when you pay it off. Also, leave the majority of your money in savings and transfer it to checking only when you pay bills.
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How can someone order a debit card for a bank account that is not theirs? That doesn't make any sense.
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Why would a bank send a card to and address that’s NOT on your account!???!!!?????? That literally makes no sense! That’s BANK NEGLIGENCE.., not CUSTOMER NEGLIGENCE!!!!!
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You should feel safe with a bank account, You should not have to Monitor it every so often, You shouldn't have to jump through all these hoops and be worried about your money every day
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How does a criminal order a “replacement” ATM card and have it shipped to an unknown address? And wouldn’t the fraudster still need the PIN to use the card?
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It has to be bank employees giving clients info out to their friends.
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There's more to this scam that they didn't uncover, scammers cant just gain access to your account out of the blue and start ordering replacement debit cards, these people most likely unwittingly gave the scammers access by providing online access information or spoke to scammers on the the phone pretending to be representatives from their bank
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I know this statement is going to be met with laughter and I’m there too but our damn government needs to step in and work with the banks to protect US citizens.
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Excuse me but I have always had a $600. ATM limit per day like it or not. How can they drain your account in minutes using the ATM
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But they got scammed because somebody ordered a "replacement" debit card. How is strong password gonna protect that? The Bank is at fault here.
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Tired of these damn scammers
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Don't ever bank with a national bank.
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You didn’t tell us how they knew enough to order the card from the right bank from a particular person.
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2:37 but nothing he says helps PREVENT the fraud. You just know you been defrauded earlier.
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Restaurant employees sometimes will photo copy your card if you are not noticing them . Keep your eyes on drive thru windows or pay with cash at sit down restaurants .
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"Thats why its up to you"
do u here these people?? Its our fault for owning a bank account?? Wow...... -
Banks should not allow no more than $500 take out in 24-hour period if you want more money from your bank go walk in
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This is garbage reporting, you did not say anything about how this works
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this is a good starting point.. thanks for making us aware that this is happening. it’s upto us to understand and take steps to prevent this from happening
