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**Sava** · April 4, 2003, 00:13

Originally posted by Urban Ranger
Sava,

Did you report the loss of your bank cards and credit cards?

Yup, as soon as I found out. Luckily, my new credit card wasn't in my wallet. It's safe at my house

**Asher** · April 4, 2003, 00:15

Originally posted by Sava
Skanky - No, it works like a credit card. They just sign my name and poof. The PIN is only needed to withdraw funds from an ATM.

In the Empire of Canadia all Debit card(bank/ATM card) purchases require a PIN, not a signature.

**Six Thousand Year Old Man** · April 4, 2003, 00:19

Did you tell the bank that you lost the card 2 weeks ago? I'm not sure that they wouldn't have a problem with you taking so long to report it.

Hopefully it'll be OK... but I know the credit card companies can be picky about things like that.

**Dr Strangelove** · April 4, 2003, 00:47

My check card has my picture on it. Since there aren't many "Elephant Men" out there my account is pretty safe. Last summer someone lifted my wallet from my locker at the YMCA, but they dumped it in a garbage can minus only a Blockbuster card because there wasn't anything in the wallet that they could use.

See - it pays to be butt ugly.

**Bosh** · April 4, 2003, 00:55

In the Empire of Canadia all Debit card(bank/ATM card) purchases require a PIN, not a signature.

Not true, must have bought stuff 3-4 with my debit card in Canada over spring break and was never asked for a PIN number, damn good thing too since I've forgotten mine

**KrazyHorse** · April 4, 2003, 00:59

You sure it wasn't a credit card?

Here there are only 2 things: credit card and debit card.

Debit card takes money directly out of your account, and requires a PIN for all transactions. Credit card is on credit (duh) and does not require any sort of a PIN, ever.

**Asher** · April 4, 2003, 00:59

Originally posted by Boshko
Not true, must have bought stuff 3-4 with my debit card in Canada over spring break and was never asked for a PIN number, damn good thing too since I've forgotten mine

Are you serious? Are you talking about something like a Visa cheque card or a real debit card?

Every single debit card transaction I've done in Canada has required them to swipe my card, then I type in my PIN number on the little handheld thing they give me...

**Boris Godunov** · April 4, 2003, 01:02

Most any debit card issued by a major bank (in the US, at least) can be used like a credit card if the store doesn't have a specific debit card device. When the store runs through the receipts at closing, the money is deducted from your account. No PIN required, just a signature.

You should be able to contest the thefts on the signature being phony, though.

**notyoueither** · April 4, 2003, 01:16

I have seen 'credit card' debit cards. They carry the Visa logo, but are connected to your bank account and function as a debit card in that respect. To a merchant, they behave like a credit card. Only signature required. Never prompted for a pin.

Most any debit card issued by a major bank (in the US, at least) can be used like a credit card if the store doesn't have a specific debit card device. When the store runs through the receipts at closing, the money is deducted from your account. No PIN required, just a signature.

I would never accept such an arrangement, as a merchant. How do I know the money is there at the end of the day?

The advantage of debit is that the money is gone. Bang. From his/her account to mine. No chance of it going back. If the money is not there after they give their pin, the transaction is declined. No joy, and no product for the consumer.

Visa and MC open up a few cans of worms, but generally, if you swipe, the machine spits out the receipt, they sign... the merchant is covered.

Merchants do have to fight tooth and nail for the funds at a later date, from time to time, but that is relatively uncommon.

**KrazyHorse** · April 4, 2003, 01:23

What NYE said.

And those "credit card debit cards" sound fishy to me as a consumer.

With debit cards, the PIN protects you.

With credit cards it's not your money until you send in your payment.

That "cheque card" or whatever sounds like the worst of both worlds...

**DarthVeda** · April 4, 2003, 01:38

Yeah I won't ever get a debit card and especially not a cheque card for the fact that people can clean you out before you even know it.

**Asher** · April 4, 2003, 01:40

Debit cards (as they exist in Canada, ATM cards...) have limits here too, to prevent someone from cleaning out your entire account on a spree...

**KrazyHorse** · April 4, 2003, 01:41

I have a 500$ per day spending limit + 500$ per day ATM limit.

I need to get that raised, though (recently it's caused me some problems when buying big-ticket items)

**Amesjustin** · April 4, 2003, 01:45

Re: Some POS emptied my accounts

This happened to me once for about $1200. Bank of America did eventually pay for it - after about 4 1/2 months of legal wrangling.... (I notified them the Saturday I lost it, there tracking system wasn't notified until the following monday - too late).

Originally posted by Sava
One charge was for $490.06 at a K-Mart.

What the hell do you buy at Kmart to get $500?

**DarthVeda** · April 4, 2003, 01:50

Couldn't be a gun... they dropped those some time ago

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Some POS emptied my accounts

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