Bank account got hack

Ryan9764

jelevated wrote: »

Often times these thieves will go for gift cards. They probably didn't buy $2000 in bacon using OPs cards, but 20 $100 gift cards can be sold downstream, online or stashed for a rainy day. Frustrating as hell, but it's so so so easy to clone cards and with chip and dip taking so long to implement this will happen for a long time. Best is to logically partition if you use debit cards (most banks allow multiple accounts) or if you are extremely disciplined, credit/charge cards. Some banks are really terrible at dealing with fraud situations. Some banks demands that you fill out about 20 pages of paper work even then it's no guaranteed and they will fight you along the way. Others such as American Express you can report fraud in two clicks and they will send you another card the next day. That's not exclusive to Amex, you just have to shop around for banks that don't suck.

USAA is pretty good at fraud. I already got a temporary 2000 back. They already sent me a new card and stuff.

bigdogz

Your bank should repay you if they are FDIC insured. I am not sure about credit unions.
Your credit card company would repay you as well.

If the store has cameras, they should give the footage to the police... from there it may be a loss unless the person has priors.

MontagueVandervort

As I learned (the hard way) they really don't even care about small losses like this. It's a drop in the bucket to them and not worth the effort. In my opinion, that sucks, but it's just the way it seems to be now.