Tuesday, November 12, 2013

Our banking secrets revealed

There have been two occasions that someone has stolen our debit card numbers and charged some things to us. Of course after they were found to be fraudulent charges we were reimbursed along with any charges incurred with it, but it's still such a pain to be without your debit card while waiting on a new one.

The first time it happened it was my debit card. Someone had charged some sports things and hubby got all excited, lol. But it's a good thing he asked because it wasn't me buying anything. We went to the bank and opened two more checking accounts.

Our first checking account is our main checking account and it's a free account. Any auto pay bills use the checking account number and not our associated debit cards for that account.

The second checking account we call savings even though our real savings account is at a different bank entirely. (Harder to spend it that way!) We transfer money from our main account into this one when we want to save for a large purchase. When we are ready to make the purchase, we transfer it back to the main account since we don't keep checks or debit cards for this account. I can transfer money back and forth all I want without penalty since it is technically a free checking account.

The third checking account if for internet purchases. There is generally just a penny in this account although sometimes it varies, but always under 50 cents. When we want to buy something on the internet, we transfer the money to this account and use the debit card associated with this account. Super easy! And again, no penalty since it is a free checking account with no transfer limits. It doesn't matter if anyone DOES get this account number because there is never anything in it to spend.

The second time a card was stolen, it was his. He rented a u-haul trailer online and forgot the system. In this case, someone actually made a COPY of the card and used it at a Family Dollar store in another state to buy a gift card for $202.00. Please remember that when you are out doing your holiday shopping this year and someone asks to see your ID, say THANK YOU!!!!
BTW, I just don't let him spend money on the internet any longer! haha

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