Debit Cards

[andy07]

This forum is quite new to me and I have read some of the threads with absolute horror,

 

How on earth can anyone claim any money off a debit card that has been replaced as it was reported lost/stolen???

 

If this is possible what is the point of reporting it lost/stolen, I thought the point is that this then cancels the card making it a worthless piece of plastic, how can a cancelled card be used to make a payment on anything

 

Start keeping your cash in your mattress, gotta be safer as it looks like the banks will let anyone get to it

[MARTIN3030]

Can you give a link to the case you are referring to here ?

[theotherside]

This happened the other day with myself.

 

It was cancelled on 16th December. A payment was made from it on the 1st Jan and it shows on my statement as being a banktransfer using my card details. I am ringing tomorrow to find out why Natwest have allowed this.

[andy07]

So if a card is used on a transaction after it has been cancelled then the bank still honour it, takin scissors to my card and burying my life savings under the rhubarb in the garden think the slugs would do a better job of protecting my money

[robjam1969]

It is true

 

Halifax told me that there was nothing they could do as certain 'retailers' could force payments through by way of continuos authority. There argument being that you handed the details to them (so being lost or stolen doesn't affect them.)

 

In all fairness doesn't happen often but a few on these forums have been caught out.

[Fagin61]

I think it depends on what debit card you have. I cannot see a CA being forced through on a basic account with no overdraft facility. Most of these cards are electron cards. Whilst cards issued through the main stream banks with " proper accounts " might let transactions go through.

Either way, it seems incredible that some banks allow this. I really believe and hope these cases are few and far between.

I have cancelled my card today. I have 12 payday accounts on the go, so watch the mire hit the fan at the end of the month. I do not intend to speak to them, but will email each of the companies with my proposals. In truth, I really am not that bothered, they cannot have what I have not got and it will be a relief to pay some vital bills like council tax etc which I have fallen behind. In conclusion, I feel relieved that I have taken action and my salary will be mine, not someone elses. Its all about taking control and getting your life back. Chin up everyone, look at the world, worse things are happening, and this aint one of them!

[Richard1973]

I had a very similar instance in december last year with a time life magzine subscription that i no longer wanted as i had already reported the card lost / stolen in august of that year i was shocked when time life managed to take there payment 4 months after the card had been cancelled... i was told by the bank that in the case of subscriptions the card details automaticaly roll over to the new card and the fact that the account had no money in it at the time was not a problem becuase they just force the transaction through and make you go overdrawn.... and this is on a basic account with a visa electron card....

Edited January 14, 2010 by Richard1973

[garysonjack]

pre-paid debit cards are decent, just deposit what you want to spend, when you want to spend it.

[kontraking]

I agree with Garyson, I have no trouble with pre-paid debit cards. Would recommend them.

[jinjhaninjha]

Yeah, go for a pre-paid if you're worried about them getting in to your account. Most companies can find a way to force the payment through.