Could you handle a world where you no longer have the internet?
- Thread starter Jayson1
- Start date
I remember a bank opened up here years ago that had no tellers, just slot computers, like a Borg alcove station after Borg alcove station. To give you an idea of how much people liked it: it vanished in short order.
There will always be a place in bookstores for the sections known as "fiction" and "self-help".
Those who don't have Asperger's Syndrome or any related Autistic Spectrum Disorder excepted, I would hope?
The what now?
It's a requirement at stock brokers, insurance companies etc. in India, that one should provide a cancelled cheque leaf as proof that one owns the bank a/c that one mentions in the application form. This is typical in India. Not sure if it applies in other countries.
As for ATMs: I rarely use them OR the bank because I don't carry cash. Except when I'm on vacation, and when I eat at this one pizza place here at home which has a cash-only bar.
Yes, that's why it's so rare for me too... I use debit for most everything. And when I do go to the bank, it's usually just because I need cash for something that I can't use debit for, which is why I usually just use the ATM.
It's not quite the same thing, but a lot of places here will ask for a voided cheque when you set up a direct deposit or withdrawal. In that case, though, I believe it's just so they can get the institution/transit/account numbers correct.
I still do use cheques, but nowhere near as frequently as I used to.
I used to have a debit card but I got rid of it. Now I use credit cards for all purchases. (If I need cash, I have a pure ATM card for that.) Here's why.
Thank you for the information. I've read through the article, and most of those five points wouldn't apply to me. I've been using debit for years without a problem. OTOH, I have had problems with credit cards, and there's no way I'm using them for all my everyday purchases.
From the article:
An "extended holiday" that lasts a couple months?? Yeah, this is something I'm not going to have to lose any sleep over...
Then they turn around and say that if someone uses your credit card fraudulently, you're "likely to spot it before you get your statement". Um, how exactly... magic? I don't even get statements for my bank account, and yet I can (and do) track that pretty closely online or on the telephone. If there was fraudulent debit activity, I'd know about it fairly quickly. For credit cards, I really only know what's going on there when the paper bill shows up in the mailbox each month.
Most banks will let you check credit card activity online. Doesn't yours?
I check all my credit cards every day. The actual statements are pretty much irrelevant at that point (except for knowing when I have to pay).
I check all my credit cards every day. The actual statements are pretty much irrelevant at that point (except for knowing when I have to pay).
I suppose it's possible, I've never really looked into that. I don't actually have a credit card with my own bank. My cards are from banks I don't have accounts with, so I've never checked out their online banking services.
Just having the card is enough. Any decent bank should offer you online access, even if it's only for that. A credit card IS an account, after all.
Just having the card is enough. Any decent bank should offer you online access, even if it's only for that. A credit card IS an account, after all.
I'll check into it. Thank you!
Bit hard to use a Debit card for large purchases in a shop without a PIN, oh wait a minute the USA is still adopting this tech which many countries did a decade + ago.
And I'm fairly certain I could dispute any charge on my debit card with my bank.
And sure you might be able to go overdrawn using a debit card but generally if their is insufficent funds in your account the card is declined when trying to pay, because the system checks your account
Yes, but with a disputed debit charge, the money is already gone. And if hackers get ahold of your card, they can instantly drain your bank account. It can take awhile to dispute all that and get your money back.
My bank allows me to adjust the maximum daily and weekly debit purchase amounts and cash withdrawal amounts. You don't have to use the defaults.
I've done some reading on this since it was brought up yesterday, and it sounds like Canadian regulations state that you aren't liable for any losses related to fraud, as long as you report the incident "as soon as you are aware of the loss". So in the hypothetical two-month vacation mentioned above, you should still technically not be liable if you find out about the loss two months later, but report it as soon as you find out.
Granted, trying to get the bank to actually reimburse you the money is probably a huge pain, and I'm sure they fight it within the bounds of the regulations as much as they can. Wouldn't want to cut into those multi-billion dollar profits, after all.
Three years ago I had some unusual activity on my card where several hundred pounds was removed from my account in small chunks over the course of a few hours when I was out of the country, when I found out, I was straight onto my bank and they replaced the money the same day.
But it's a lot harder to get ahold of peoples Chip N Pin cards as they never leave your person. The only way would be if you lost it or had it stolen. So there is less risk in someone cloning your card when it's out of your sight (which it isn't when making payments),which can occur in the USA.
I was disputed some payments from my account and the bank sorted it in a matter of days at most from memory.
Yeah, that's one of the reasons they do it in India as well. You worded it much better than I.
We have had incidents here where people have actually been able to steal card information by inserting a device into the reader slot, so that when people put their cards into the machine, they are actually inserting it into this device, which records the info. They apparently had to capture the PINs through a regular camera, so if you were careful about covering the PIN pad, it could still be thwarted that way.
Although they sometimes managed to put the devices in machines indoors, it was usually something outside, like a gas pump or a drive-thru ATM. IIRC, a lot of the input slots have now been redesigned to combat this.
Sure that can happen and as you have said there are ways to combat it such as covering your PIN and the slots being redesigned, all I was saying is that Chip N PIn technology is more secure than the magnetic stripe technology.
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