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Every time I open an account,
hen they send me a debit card. Maybe a year later, or maybe just a few months.
Then I close the account and avoid that bank forever.
Clearly banks must be saving money by pushing risk onto their unwitting customers, probably by not having to pay Visa or Mastercard.
Debit cards are extremely dangerous. I worked with a guy who had his checking account cleaned out by someone who got his debit account number.
Why do you keep opening up new accounts?
Well, you could just cut up the card and throw it away or shred it. Nobody says you have to use it.
Which is why you NEVER tie your debit card to any online purchase or other regularly re-occuring charge.
The utilities here won’t accept CC payments only ACH transfers.
Yes, but I'd go further: you should never have a debit card ever, under any circumstances.
Unfortunately, too many banks require a Debit Card to use the ATM. I use my Debit Card only for ATM cash (never any fees).
The debit card number still exists, and the danger is still very great, just because the number exists.
I use my Debit Card only for ATM cash
Yes, but I'd go further: you should never have a debit card ever, under any circumstances.
You are even safer if you don't have a checking or savings account because they can get the money out of those too.
Yes, but I'd go further: you should never have a debit card ever, under any circumstances.
except in the records/database of the bank
Then they send me a debit card. Maybe a year later, or maybe just a few months.
Then I close the account and avoid that bank forever. The first bank to do this to me was Chase. Then Union Bank. Now my local credit union is doing it.
Debit cards are extremely dangerous. I worked with a guy who had his checking account cleaned out by someone who got his debit account number. Even though he got his money back a month later, in the meantime he was quite fucked. He could not pay his rent, insurance premiums, or anything else until he got paid, and even then he didn't have enough.
Clearly banks must be saving money by pushing risk onto their unwitting customers, probably by not having to pay Visa or Mastercard. Whatever the reason, it's pure evil.