Why Banks Are Suddenly Closing Down Customer Accounts

Re:Why Banks Are Suddenly Closing Down Customer Accounts by sgjohnson on Monday November 06, 2023 @10:21AM (#38163770)

Banks are almost never liable for fraudulent CC charges. The merchant picks up the tab just about every time.

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Re:Why Banks Are Suddenly Closing Down Customer Accounts by j-a-a-p on Monday November 06, 2023 @10:36AM (#38163957)

Yes been there, still am actually.

Also as a merchant I like a pro-active attitude of the bank to deal with fraud. But, more on-topic, bank accounts are definitely more stable than CCs. But they are not immune for seizures and fraud detection.

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