Poll: Wells Fargo refused my ATM fraud claim

BofA just did this shit to me to the tune of $500 on my credit, claim I used pin or chip or signature

I have a work schedule and travel receipts that prove I wasn't there, they want a police report to "expedite" which sounds like trouble

They also told me they see a second card was issued but it was only used for these few charges, and it was after I moved

yall are naive. all banks follow all the same processes for stuff like this because they're all regulated processes and they're all regulated by the OCC. the simple fact is some piece of evidence triggered the claim denial and OP could easily resolve this if he's telling the truth by working with them to provide more evidence or filing a CFPB complaint.

this will happen at all banks, even your precious credit unions because not following regulations will lead to massive fines and regulatory action. singling out which customers they help and not help would be disparate treatment discrimination, so it's all standardized. provide evidence, make a CFPB complaint if they're stonewalling, and move on. this circlejerk over who the best is is pointless, they're all doing the same shit.

t. Well Fargo Social Media Engagement Rep

just work in the industry that's all. you should use whatever bank is most convenient for your area. the only real difference would be like USAA or someone who provides special military benefits but they'd still be held to the same standards as the others in regulatory matters. while wells has fucked up publicly really bad, I believe chase or BOA actually holds the record for regulatory fines. and the smaller the bank, the more likely they'll be able to get away with shady shit due to less oversight.

i know fren, it was just a joke...personally the whole banking industry is fucked from regulation, kyc, bank secrecy act, etc...theyve made it onerous to run any type of small biz, whereas the regulatory hassles are nothing for F100 company.

the entire concept of banking is fucked, but society would collapse if tomorrow is cash was replaced with crypto, unless is was tether and they could print unlimited amounts like they do with USD. without unlimited credit/debt, the whole world would be fucked at this point. all the kyc-type regulation just protects the right to print money.

I had the same situation happen with Fifth-Third Bank to the tune of $1000+. Some asshole used my debit card at Walmart, a liquor store, and a hotel before it was locked out. This was on an account that I hadn't used debit in years, and only had a recurring direct deposit to with some small bills on auto-pay. I didn't even have a debit card in my possession.

At first the bank was very understanding, marked the purchases as fraudulent, and refunded the money, but a few weeks later my account overdrafted and I realized it was short again. Called the bank and they basically accused me of being a fraudster, and said they had taken the money back. They we're saying that there's no way it could have been unauthorized use because of the "chip and pin" that had recently been mandated, and we're not having any of my argumentation basically telling me to fuck off if I wanted to. Ended up pulling all my money out and moving it to Chase a week later.

Story got funnier when 6 months later my parents were at the bank speaking to a private banking manager, and shared the story of what had happened to me. They said that the bankers face immediately changed and he was extremely apologetic, saying that if I visited the branch he would make it right. Moral of the story, if you don't have 6+ figures in an account, you're expendable to the bank.

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>but society would collapse if tomorrow is cash was replaced with crypto, unless is was tether
yeah, thats why we need a 2-tier escape hatch. BTC + digital fiat / libre / whatev.
BTC holders can then form a breakaway civilization and isolate ourselves while the useless eaters suck the bones dry of the old system. Eventually, before the plug is totally pulled we would've hopefully moved over as many 99+ iq ppl as possible and leave the rest to dig through the trash heaps.
Its actually the only kind and fair way, unfortunately

honestly I wouldn't want to go to system that isn't based on unlimited debt, or I'd have to think twice about it. it basically separates everyone to either lower class, middle, upper middle, and high. I like knowing I'll never have to clean a toilet for a paycheck or serve french fries at any point for the rest of my life because all the lower-middle class people will keep service and sanitation jobs filled. when you level the playing field like you are suggesting, life wouldn't be so easy anymore if you're used to upper middle+

also had a claim once with Bank of the West on an ATM card and they promptly refunded. or was it BBVA? can't remember, was one of those two. Now i only bank with 2 local Credit Unions. Credit unions are superior to banks.

I filed Police Report in hopes it would help convince them it was a fraud, since its illegal to file false report, etc.

First time with Bank of West it was $100 ATM 3 times over 3 days at some gas station ATM way out in Bumfuck, CA.

Seems odd that there is NO police interest in this, given:

1)cops work for the Banks.

2)all ATMs, gas stations, etc have CCTV.

3)this ain't like purse snatch, someone who does this has real tech, and someone who does this is gonna be doing DOZENS if not HUNDREDS or THOUSANDS of ATM hits at $100-300. I'm guessing anyone who does this is pulling over a million/year.

If they are costing The Banks over a million/year, why don't banks offer rewards?

4)whoever is doing this is probably well known to police, probably on parole and generally "dirty" as a Mo-Foo.

5)It also gotta be several FED felonies.

> my WF debit card

Stop using debit cards for merchant transactions you fucking retards. It's way harder to get your money back from a bank like OP. With a credit card it's two fucking clicks away from being removed and two months away from being erased after you sign an affidavit.

cops don't work for banks, they work for themselves, and with the resources they have it'd cost more than what would be recovered to investigate these, and presumably a waste of tax payer dollars. you vastly overestimate the impact of local police, they don't make good money and just enforce existing rules. maybe an FBI agent will go after the big fish, but all they need is a copy of all the police reports.

and yes the ATMs usually have cameras so I wouldn't be surprised of OP was trying to pull one over on them. long story short if it actually hurt the banks bottom line, the banks would lobby congress to make the laws more harsh to criminals and expand the budget for investigating them, and that's not happening.

You generally don't want to use your debit card. Don't fall for the credit-card-bad meme created by NEETs here.

It happened to me with my fucking credit card, and the bank is treating me the same damn way

>banks
lol

IIRC they said something like "Your Debit Card is now 110% just as good as a CC with protections and free rental car insurance, etc"