Phone activated functions on an RV???
omg, Thought I'd seen it all but guess not. There is another thread where an RV'er is locked out of opening his slides and awning on his RV. WHY? Because he is using his cell phone to open them...
Forum Discussion
Since we're in the subject, overdraft protection is not a good thing for most people who use debit cards for that exact reason - until the bank fraud unit sees a red flag on withdrawals from your account, the withdrawals will continue even if funds aren't available.
IF you use debit cards regularly, cancel the overdraft protection on the connected accounts. That way the most they can get out of you is what is in your checking account.
For me, I use debit cards almost exclusively. I do not have overdraft protection on any account (why? I know exactly how much money I have). I also have 2 separate checking accounts and 2 separate saving accounts at 2 separate banks. One bank is used for "big" bills (insurance, taxes, etc.) and the other is used for monthly stuff (groceries, electrical, etc.).
I have my pay deposited into the two savings accounts. Then I move what I need for the month into the checking accounts. This way, if someone gets my debit card or number, they can only get a small amount of money before that checking account is empty. But I still have the bulk of my pay in the other 3 accounts and I can easily pay bills, etc., with my other checking account while the corrupted account bank resolves the fraudulent activity and reimburses me.
Oh, and there are specific rules about what gets reimbursed. If your actual debit card is lost or stolen, you have 3 days (iirc) to report it gone. If the number has been stolen but you still have the card, then you have until the statement that the fraudulent activity appears. You are not liable IF you report the loss/theft/fraudulent activity within the appropriate time frames.
I had one instance of a stolen number. It happened right after thanksgiving. Using the setup I explained above, I was not adversely affected for the 2 weeks before the bank reimbursed the money - even though that was over Christmas (which is why it took 2 weeks instead of 3 days).
That incident happened because I paid for our work t-day lunch with my card from a restaurant. The restaurant's online ordering system was where my info was stolen (with the way I use my accounts, it was very simple to work out the data breach on my end) so I called and told them. Within a month, they had redone their system.
Please read the laws regarding debit cards - they are protected far more than they used to be.
And if you use debit cards, cancel the overdraft protection for the attached account(s) - all that protection does is PUSH more money to a thief.
IF you use debit cards regularly, cancel the overdraft protection on the connected accounts. That way the most they can get out of you is what is in your checking account.
For me, I use debit cards almost exclusively. I do not have overdraft protection on any account (why? I know exactly how much money I have). I also have 2 separate checking accounts and 2 separate saving accounts at 2 separate banks. One bank is used for "big" bills (insurance, taxes, etc.) and the other is used for monthly stuff (groceries, electrical, etc.).
I have my pay deposited into the two savings accounts. Then I move what I need for the month into the checking accounts. This way, if someone gets my debit card or number, they can only get a small amount of money before that checking account is empty. But I still have the bulk of my pay in the other 3 accounts and I can easily pay bills, etc., with my other checking account while the corrupted account bank resolves the fraudulent activity and reimburses me.
Oh, and there are specific rules about what gets reimbursed. If your actual debit card is lost or stolen, you have 3 days (iirc) to report it gone. If the number has been stolen but you still have the card, then you have until the statement that the fraudulent activity appears. You are not liable IF you report the loss/theft/fraudulent activity within the appropriate time frames.
I had one instance of a stolen number. It happened right after thanksgiving. Using the setup I explained above, I was not adversely affected for the 2 weeks before the bank reimbursed the money - even though that was over Christmas (which is why it took 2 weeks instead of 3 days).
That incident happened because I paid for our work t-day lunch with my card from a restaurant. The restaurant's online ordering system was where my info was stolen (with the way I use my accounts, it was very simple to work out the data breach on my end) so I called and told them. Within a month, they had redone their system.
Please read the laws regarding debit cards - they are protected far more than they used to be.
And if you use debit cards, cancel the overdraft protection for the attached account(s) - all that protection does is PUSH more money to a thief.
