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MONEY AND BANKS?


Question Posted Monday March 23 2009, 7:21 pm

what are some ways the bank can mishandle you money? from credit cards or debit cards?

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NoCandy answered Wednesday March 25 2009, 1:13 am:
I have had a bank take run a check through twice so it deducted from my account twice. I have had someone at a bank enter in a decimal place in the wrong place so that I was charged 80.00 instead of 8.00. These mistakes were both made with checks, and I caught them because they were huge mistakes. If you're worried about these sorts of mistakes, always check your bank statement that is mailed to you, or sign up for internet banking (if your bank has it) that will let you view your transactions online.

I've never had any mistakes with debit cards. They are pretty safe as long as you are careful to keep your information private and if your card ever gets lost or stolen report it immediately so they can shut it off. Also, check your bank statements to make sure there are no mysterious purchases.

Credit cards are totally different and can get you into a lot of financial hardship. But they are your responsibility if you choose to get one or more, and you need to make sure you understand the terms of your credit card.

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jammy12 answered Tuesday March 24 2009, 6:27 pm:
the only thing i can think about is if they deduct the money twice, or charge waaay too much for a card transaction. they could also take a heavy interest for credit cards.

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