BenK wrote:
What is missed is that, when they compromise your account...it is not that far from them going a bit farther to then steal your ID top empty your accounts (plural)
BEFORE you have a chance to check it
I hear scare stories like this all the time, but have yet to hear of it actually happening. I don't really see how draining an account could happen that fast, unless your balance is just a few hundred dollars.
The thing about text alerts is that you can know RIGHT NOW as it's happening. If you're still in the paper age (no text phone) then that's a different ball game. It's my belief that no bank is going to abide by fraud, let your accounts be drained and tell you "sorry". That's just not good business.
If you prefer lots of cash and separate cards, that's fine. Whatever works for you.
What the heck is this thread doing in Tow Vehicles??