Comments on: If your bank account is withdrawn by an identity thief, is the bank responsible? http://bankfly.com/229/if-your-bank-account-is-withdrawn-by-an-identity-thief-is-the-bank-responsible/ Best Banking Market Resource | Financial Blog Thu, 30 Sep 2010 04:03:35 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: sasil85 http://bankfly.com/229/if-your-bank-account-is-withdrawn-by-an-identity-thief-is-the-bank-responsible/comment-page-1/#comment-237 sasil85 Wed, 25 Nov 2009 10:01:12 +0000 http://bankfly.com/229/if-your-bank-account-is-withdrawn-by-an-identity-thief-is-the-bank-responsible/#comment-237 The bank along with the police will do an investigation. If it is determined you didn't take it out yourself your money will be refunded. FDIC insured. The bank along with the police will do an investigation. If it is determined you didn’t take it out yourself your money will be refunded. FDIC insured.

]]> By: The Professor http://bankfly.com/229/if-your-bank-account-is-withdrawn-by-an-identity-thief-is-the-bank-responsible/comment-page-1/#comment-236 The Professor Mon, 23 Nov 2009 06:36:35 +0000 http://bankfly.com/229/if-your-bank-account-is-withdrawn-by-an-identity-thief-is-the-bank-responsible/#comment-236 It depends on the bank but all banks will do an investigation to determine if it was you that actually withdrew the money. Filing a police report to report the identity theft is an absolute necessity as that is the first thing the bank will ask about. It can take a long time to get this sort of thing straightened out but most people eventually get reimbursed by the bank. It depends on the bank but all banks will do an investigation to determine if it was you that actually withdrew the money. Filing a police report to report the identity theft is an absolute necessity as that is the first thing the bank will ask about. It can take a long time to get this sort of thing straightened out but most people eventually get reimbursed by the bank.

]]> By: doreen k http://bankfly.com/229/if-your-bank-account-is-withdrawn-by-an-identity-thief-is-the-bank-responsible/comment-page-1/#comment-235 doreen k Fri, 20 Nov 2009 06:24:25 +0000 http://bankfly.com/229/if-your-bank-account-is-withdrawn-by-an-identity-thief-is-the-bank-responsible/#comment-235 By law, if you notify the bank of a fraudulent transaction within the required time frames, the bank is supposed to refund your money. But, they will complete an investigation to determine if your claim of identity theft is valid, and you will need to sign a fraud affidavit. The time limits for reporting the fraudulent transactions depend on how you were compromised. If it was due to check fraud, then you typically have only thirty days from the date the statement was mailed on which the fraudulent transaction occurred. If it was due to an electronic transaction, such as a debit card compromise, you have 60 days. There is a great deal of fraud that results from false reporting, so prepared to prove your case with the bank. A common practice is for criminals to approach account owners and ask them to give them, the criminals, the ATM card and PIN. The criminals withdraw the money and offer to share it with the account holder in exchange for having access to the ATM card and PIN. The banks are wise to this scam, so they don't automatically refund the money. By law, if you notify the bank of a fraudulent transaction within the required time frames, the bank is supposed to refund your money. But, they will complete an investigation to determine if your claim of identity theft is valid, and you will need to sign a fraud affidavit.

The time limits for reporting the fraudulent transactions depend on how you were compromised. If it was due to check fraud, then you typically have only thirty days from the date the statement was mailed on which the fraudulent transaction occurred. If it was due to an electronic transaction, such as a debit card compromise, you have 60 days.

There is a great deal of fraud that results from false reporting, so prepared to prove your case with the bank. A common practice is for criminals to approach account owners and ask them to give them, the criminals, the ATM card and PIN. The criminals withdraw the money and offer to share it with the account holder in exchange for having access to the ATM card and PIN. The banks are wise to this scam, so they don’t automatically refund the money.

]]> By: richbin http://bankfly.com/229/if-your-bank-account-is-withdrawn-by-an-identity-thief-is-the-bank-responsible/comment-page-1/#comment-234 richbin Tue, 17 Nov 2009 06:52:24 +0000 http://bankfly.com/229/if-your-bank-account-is-withdrawn-by-an-identity-thief-is-the-bank-responsible/#comment-234 review your contract. review your contract.

]]> By: Maxine H http://bankfly.com/229/if-your-bank-account-is-withdrawn-by-an-identity-thief-is-the-bank-responsible/comment-page-1/#comment-233 Maxine H Mon, 16 Nov 2009 16:50:42 +0000 http://bankfly.com/229/if-your-bank-account-is-withdrawn-by-an-identity-thief-is-the-bank-responsible/#comment-233 I don't think so, You will both be responsible for the money. They will say you have to watch your account. I don’t think so, You will both be responsible for the money. They will say you have to watch your account.

]]> By: Dollarside http://bankfly.com/229/if-your-bank-account-is-withdrawn-by-an-identity-thief-is-the-bank-responsible/comment-page-1/#comment-232 Dollarside Sun, 15 Nov 2009 23:40:17 +0000 http://bankfly.com/229/if-your-bank-account-is-withdrawn-by-an-identity-thief-is-the-bank-responsible/#comment-232 Idk about all banks, some banks like citibanks will notice the damn large amount being just gone, then they will make sure with you Idk about all banks, some banks like citibanks will notice the damn large amount being just gone, then they will make sure with you

]]> By: joek1989 http://bankfly.com/229/if-your-bank-account-is-withdrawn-by-an-identity-thief-is-the-bank-responsible/comment-page-1/#comment-231 joek1989 Sat, 14 Nov 2009 00:42:28 +0000 http://bankfly.com/229/if-your-bank-account-is-withdrawn-by-an-identity-thief-is-the-bank-responsible/#comment-231 Depends on what bank you have. Most banks will do an investigation and if they realize that you didn't take the money out then they will refund you the 10 gs. Depends on what bank you have. Most banks will do an investigation and if they realize that you didn’t take the money out then they will refund you the 10 gs.

]]> By: Juan C http://bankfly.com/229/if-your-bank-account-is-withdrawn-by-an-identity-thief-is-the-bank-responsible/comment-page-1/#comment-230 Juan C Wed, 11 Nov 2009 18:03:59 +0000 http://bankfly.com/229/if-your-bank-account-is-withdrawn-by-an-identity-thief-is-the-bank-responsible/#comment-230 no it means u need 2do hard work no it means u need 2do hard work

]]> By: Meghan W http://bankfly.com/229/if-your-bank-account-is-withdrawn-by-an-identity-thief-is-the-bank-responsible/comment-page-1/#comment-229 Meghan W Mon, 09 Nov 2009 12:05:12 +0000 http://bankfly.com/229/if-your-bank-account-is-withdrawn-by-an-identity-thief-is-the-bank-responsible/#comment-229 i would say yeah since the bank wouldn't have seen it i would say yeah
since the bank wouldn’t have seen it

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