Bank controls over your money

LisaD914311 — Wed, 10 Jun 2026 14:11:32 GMT

After having my personal information stolen when an Apple repair shop kept my phone with my data and claimed I needed a new one. The serial numbers have been replaced showing Apple that things at not what they demand. Do not leave your phone for a battery replacement. Make and appointment and have them do it while you are there. Or mail it in to Apple.

The banks do not have good controls over cash. They allow cash deposits after an online sign up and immediate transfers from those accounts. They have never verified that the person opening the account is associated with the info input. Write your Congressmen. It should be a Big Red flag and they should compare the image depositing the money to the info in the account and directly contact whoever to catch them in their lies. Honest people don't have a problem.

The scammers really like Chase, Wells Fargo and Capital One. These banks in particular need better controls around cash and cash equivalents like wires. Especially for senior citizens. If they suspect fraud, the transactions should be tagged in some way to continue to verify with the customer that it is a valid transaction. Just 3 days can interrupt these scammers ability to keep money moving between accounts.

Paypal should be avoided for anything. They do not monitor accounts for excessive activity nor do they note unusual activity for your account and then deny you because they don't want to admit they are careless. Do not ever use Friends and family. They have that to avoid liability for their negligence.

All of these services know the device you use and should question every time you use a different device especially with unusual and excessive activity.

AARP needs to do more considering the billions being stolen.

topic Bank controls over your money in Games Talk

Bank controls over your money