Anyone have Sears MasterCard limit decreased
Hey guys; DW had this mastercard issued by Sears Canada for several years. Several days ago DW noticed her credit limit for that card was lowered from just over 10K to just above 8k. She called an...
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"If they use your debit card info for a bill pay, then it is considered a "debit card transaction" and the bank is required to reimburse you for the fraudulent transaction - regardless of whether they call it a "debit charge" or an "automatic debit". It may take a few weeks for the investigation to complete and get the funds reimbursed, but it is a DEBIT CARD TRANSACTION and protected."
Actually, according to the link to the FTC Rules you provided you're only partially correct. It depends on how quickly you report the charges. If you don't report them quick enough you could be liable.
"Again, do not EVER provide your bank account to a bill payee."
Why are written checks not an issue? They have your bank account number plainly printed on the front. And you send them to the payee, thereby giving them, according to you, easy access to your account.
Actually, according to the link to the FTC Rules you provided you're only partially correct. It depends on how quickly you report the charges. If you don't report them quick enough you could be liable.
"Again, do not EVER provide your bank account to a bill payee."
Why are written checks not an issue? They have your bank account number plainly printed on the front. And you send them to the payee, thereby giving them, according to you, easy access to your account.
