PSA! Check your bank transactions for this week!!! Fraud Warning

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Forums › Finance and wealth management › PSA! Check your bank transactions for this week!!! Fraud Warning

lNomNoml

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#267864 15-Feb-2020 07:42

I discovered this morning that there was a charge to my card of $145 on 14th Feb from Paypal, I no longer have a Paypal account and have cancelled it, I am with ASB and they confirmed this is going around.

I guess someone wanted to buy them selves a valentines gift...

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lNomNoml

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#2421345 15-Feb-2020 11:11

Just got off the phone with ASB again and turns out it was just me and isn't a active issue going around, so very different to what I was told this morning, so apologies for the false alarm., irritatingly they say it can take up to 30 days to recover the money and that's if they can.

freitasm

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#2421353 15-Feb-2020 11:26

lNomNoml:

So going forward using a credit card instead of a debt card is best? Anything else I could of done to prevent this?

The credit card is secure in two ways: it doesn't draw funds directly from your bank account and you have the security of chargebacks. Banks don't give you that.

You have to pay the amount in full otherwise you will pay interest. Some cards give you air points or cashback - it is worth checking those out. Most cards will have an annual fee though.

How to prevent this? Make sure you don't supply your card to unknown online retailers - dodgy streaming sites that promise movies and sports content without having licence for this is a sure way for having the number leaked. Donating to fake charities sites. Falling for phishing emails and so on - you have to be constantly alert on how you share your information and financial data.

At the end it's up to you.

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