Eegore wrote on 12/07/18 at 06:44:41:"Sure enuff.......but I hope the breech is on their puter, not mine.....
Not that it makes any difference, I'm sure, other than a apology from them"
I no longer do any online banking after assisting a business associate with a court case where he sued a bank for wire-transferring $92,000 US to an account in the Philippines.
He lost that judgment because he could not prove that the personal information used to request the transfer was not compromised from his home computer. A number of members here can verify I will send cash only. Now I no longer carry a debit card, credit card etc. that is connected to my primary account, any compromise will have to come from their end.
Interesting, and TIMELY post, thanks!
Yesterday I tried to move a nice sum of money (for me anyway) from a personal investment account I had at Boeing, to a more local institution (bank) so I could have it more readily available to play with.
This account @ Boeing is well over 100 billion strong (all investors) YET, this bank would not accept a wire (electronic) transfer of any kind, only a physical check made out to them, as a FOB for me.....geez.
I use to be able to shift funds with routing and account numbers, not anymore.....AND, I think you just explained the WHY to me
Makes sense.
I gave up on debit cards years as I got dinged by Security Pacific Bank when "NO" receipts were available, "Do you still want to proceed with this transaction?"
I withdrew 100 bucks, but only got four 20's.....
They would not fix/adjust my account. I am glad it was only 20 bucks, a cheap lesson.
My credit card, when used, tells my computer AND my phone, a transaction has just taken place on that account.....LOVE IT.
I use only one card, period, and pay its balance from a separate savings account that is dedicated only to this card, in case this info gets stolen via a transaction they will get very little, as I, AGAIN, use my computer to put in funds when I pay the card each month.....
It sounds like a lot of work, but its not.
I go to pay my card on the computer, put the money into that account, pay it on the computer, and done for another 30 days of "buying" in a minute or two....