BMO debit card keep on being compromised?!?!!

[firefly767]

ok, i JUST found out that my debit card is compromised again. it is the 3rd time this year that it has happened (i.e. someone tried to identity fraud my debit card). everytime it happens i get a call from bmo, go to the branch, and get a new card, no problem. but this time i have all my osap $$$ on the card and i still need to pay tuition, and this is really pissing me off!!!

anyone else have any suggestions? i dont understand why it keeps happening to me. :mad:any other banks that have good free service for students?

thanks!!!

[45ED]

...quit using your debit card in the places you've been using it?

[Jucius Maximus]

We have so many threads on this topic and people still don't get it...

Stop using debit. YOU SHOULD NOT BE USING DEBIT IN THE FIRST PLACE!!

Credit or cash only. Debit transactions have a much bigger impact on you since you have a reverse-onus of proof and the fraud impacts your account instantly.

[CSK'sMom]

Logic would suggest that you are continually using your debit card at someplace shady. Use some common sense... look for extra wires attached to the machine, never loose sight of your card (IE clerk swipes it under the counter), check ATM's for readers in the card slot, etc. And don't listen to all this "don't use debit" bs. We've been using it for oh.... about 18 years at least and have only been cloned once. Bank resolved everything within 24 hrs, including returning the money.

[TheDarkRage]

TD has a free account for post-secondary students.

Maybe it's a family member, relative or close friend possibly trying to commit fraud...just saying, you never know.

I also agree w/ CSK'sMom, I think you're less likely to have fraud committed if you use a major retailer. For smaller vendors, using cash is safer.

[firefly767]

if i have $$ taken from my account, am i responsible for it?:confused:

[angel_wing0]

stop using debit for purchases, period.

[TheDarkRage]

if i have $$ taken from my account, am i responsible for it?:confused:

You shouldn't be...you better call BMO to call and have it cleared up right now.

Not sure if you have to waiting til their call centre is open though...

This is why I use TD, employees are available 24/7 :razz:

[TheDarkRage]

I'm sorry...but your avatar + this issue....is...hilarious. :lol:

Yeah, if you're a student and want lower fees, you're better off using cash transactions more. Most student bank accounts that are free have a low monthly withdraw limit (that are free).

[firefly767]

I'm sorry...but your avatar + this issue....is...hilarious. :lol:

Yeah, if you're a student and want lower fees, you're better off using cash transactions more. Most student bank accounts that are free have a low monthly withdraw limit (that are free).

D: lol....... ok i am just praying my osap $$ is still in the bank. never gonna use debit again O.o;;;; so credit card would be a lot safer yah?

[angel_wing0]

I'm sorry...but your avatar + this issue....is...hilarious. :lol:

have to agree lol :D

[firefly767]

have to agree lol :D

bbwwaaahhhhh you guys are mean!!! :lol:

[TheDarkRage]

D: lol....... ok i am just praying my osap $$ is still in the bank. never gonna use debit again O.o;;;; so credit card would be a lot safer yah?

Credit cards have people monitoring your account and can lock it if they believe they see fraud, but you seem to continue using a plastic card, why?

If your debit card is compromised, you lose the money in your bank account. If your credit card is compromised, and you can get protection, that's just going to damage your credit rating if you're forced to pay that fraudulent amount. I doubt that'll happen, but it's a real hassle to contact a credit card company and let them know fraud is being committed to your card.

Just use our country's colourful currency. Sometimes, the Old School method just works.

[tkyoshi]

You shouldn't be...you better call BMO to call and have it cleared up right now.

Not sure if you have to waiting til their call centre is open though...

This is why I use TD, employees are available 24/7 :razz:

BMO is 24/7 too.

If you have a CHIP + PIN Debit Card and it's comprimised you can go to any BMO ATM 24/7 and *change* the PIN. This will reactivate the card for use, just uhh don't choose the same PIN number. If you want a new card we will be happy to replace it during normal branch hours, but you don't have to wait until the branch opens to reactivate your card.

And it doesn't mean your card is comprimised, it means that it was used at a place where others may have gotten comprimised. All the banks share info so sometimes you see batches where BMO/TD/Scotia, etc.. will have cards blocked on the same day when they had determined something has happened.

But agreed with others, don't use debit!!! ;)

[evoviii]

have to agree lol :D

+1

Aside from the avatar being ironic

Have you considered where you are using debit? I noticed that some are addicted to debit as a form of payment. Cash/Credit is the way to go in terms of fraud avoidance.

Btw chip card don't help much either, I've had coworkers with chipped Visa and debit frauded on more than once occasion. Frankly I hate the idea of pin number for Visa.

[tkyoshi]

+1

Aside from the avatar being ironic

Have you considered where you are using debit? I noticed that some are addicted to debit as a form of payment. Cash/Credit is the way to go in terms of fraud avoidance.

Btw chip card don't help much either, I've had coworkers with chipped Visa and debit frauded on more than once occasion. Frankly I hate the idea of pin number for Visa.

Well pretty much the majority of fraud is using the mag stripe since we are still in transition magnetic is still the most common type of input method.

As long as we are using mag-stripe Chip + PIN is basically irrelevant.

[mada726]

I haven't been using my debit card that much these days (I'm with PC Financial), but I've been using my credit card a few times.

As always, Cash is king!

[tdott]

I almost never use debit anymore, and i haven't had this happen to me in a very long time. Back in highschool i had it happen once, back then i used debit for everything.

My PC/F M/C was suspected of being copied and they sent me a new one, I only used it once that month, it was at a bar.

So far i've been lucky, but i'm also usually very careful.