Do You Bank On Line???????

November 16th 2011 | share on

Do you use on line banking?? I do. I, frankly, couldn't pay my bills if I did not. I check my bank account daily and sometimes twice a day. It's important. Very, very important. Read on for the reason why it's so important.

My sister had several minor strokes last Christmas (if any stroke can be considered minor). The strokes were in the memory center of her brain, affecting her ability to remember as she used to. This banking saga began around this time. It was as if someone were watching and thought, "Ahh, she can't remember, so I can tap her for all I want!"

It all began by her being overdrawn and we couldn't understand why. A trip to the bank showed all these bounced transactions. She was already on my accounts because of a medical problem in 2006, so we decided to add me to her accounts. I went home and ran off a copy of her statement and went through it line by line, googled anything I didn't understand and asked her about it.

I found a total of almost $500 in a single month of questionable charges. No wonder she was overdrawn!!!! Things like online storage, or "speed up my PC", things like that. The bank worked with us and got the charges stopped, changed her account, new debit card, new checks, etc.

In the past year, we've had to have her debit card changed 3 times, the last time being this morning. I don't know how they get her card number because she seldom buys anything online. But it is a concern. I watch both of our accounts like a hawk. She gets a bit put out with me sometimes when I ask her what such and such a charge is for, but I feel that she needs my help.

So use online banking and enjoy the convenience. But watch your accounts with an eagle eye and don't hesitate to go to your bank and ask for help. For such tiny accounjts, we're treated like royalty at our local bank.

So during this season of buying and giving, just remember there are some real scum bags out there just waiting to rip you off. Be alert. Be safe.

http://www.addoway.com/catsmom/storefront

share on:

| Permalink | Addoway.com/catsmom/storefront/ in Online Banking | 8 Comments

Reader Comments (8)

vinewood | November 16th 2011 at 1321487154

no we do not , , great info

Donna's Stuff & More | November 16th 2011 at 1321487721

I do bank and shop online and I am vigilent, thankfully. A few months ago I had 3 charges on my visa, all from the same Walmart in Arkansas, all the same day. The first was a small amount, the others over $300. My bank was fantastic - I have never been to Arkansas, have never shopped at Walmart there. The scarry thing is they made up a card and swiped it! I have never lost that card or lent it to anyone - my husband included. Bottom line, the charges were removed from my account. But what makes me most mad is this person may never be caught, and those of us who are honest pay for it in increased prices!

Lynn | November 16th 2011 at 1321497106

Be careful, I found I was being charged for netflix for 14 months and I never knew it!! OMG. Once Sams Club got a hold of me and asked if I had bought certain items..like 90.00 worth...I said NO, I was there.....but I did not buy those things. Turns out later an employee who rang me out, decided to ring a few things for themselves, courtesy my card number. During X-mas they come out more. So watch everything.....Thanks Illene.

Tuckerstuff | November 17th 2011 at 1321515252

Great Blog. My credit card company finally went and did probably the best thing ever; other than it being a little more work for me, but it is worth it. They just recently underwent some kind of company overhaul and no longer allow automatic payments to come out for anything. If I don't manually approve it, or am not there to say, yes, go ahead, no charges will come through. I have to watch it like a hawk, now because things like my internet subscription, and seller fees were set up to automatically come out once a month, but now I have to watch it and keep track of when it's due so I can pay manually.

Addoway.com/catsmom/storefront/ | November 17th 2011 at 1321535995

Thank you for reading my little rant. Some companies do not like it when you say no to automatic payments. Tough. Nobody gets their hands in my bank account but ME. Even ebay, cell phone, electricity, Addoway, NOBODY. I physically put the payments into my account each month. Period.

Online banking is a wonderful tool. But that's just what it is . . . a tool. It's up to you to be vigilant.

BeewitchingItems | November 17th 2011 at 1321568768

I don't actually bank online, but I do check both of my accounts often. This is such good information for everybody, not just those who bank online. Thanks

Ayuni Gifts of the World | November 18th 2011 at 1321613923

I'm with you Ilene - nobody touches my bank account 'cept me! I even changed insurance companies once when they made a new policy that you had to set up auto-draft directly from your bank account.

I work in a bank, and there is SOOOO much fraud - mainly lots of small charges which they figure nobody will notice! And if they are getting her debit card number, it may not be from online purchasing -- you should take a look at what stores she uses the card in - there are many clerks who will take down the card # before returning the card to the customer -- and then save it for use later! She's better off using cash than a debit card if it's a questionable store!

Good thing your sister has you to watch out for her!! You need to be really vigilant on this stuff!!

Addoway.com/catsmom/storefront/ | November 18th 2011 at 1321621439

Thank you, Martha. It's nice to be validated by someone "in the business". Thanks for reading and commenting everyone.

Happy Thanksgiving to all!!!!!!!!

Cancel