BMO Refuses to Reimburse Senior Victim of Bank Fraud

Re: BMO Refuses to Reimburse Senior Victim of Bank Fraud

Postby ProblemSolver » Jan 20th, 2018, 4:24 pm

The problem is two fold here.

I the Bank Customer willingly sent money, or paid a fraudulent bill then the Bank will not reimburse the funds as the Customer knowingly paid said person.

If however they acquire your credit card, or other billing information without your agreement, or steal it, then the bank will use their Consumer Protection programs to cover any lost money.

This is becoming increasingly more difficult as the scam calls are occurring more and more often and the consumer usually has to give his agreement to pay them, absolving the bank from protecting them. If the OP's father agreed to pay, then he took responsibility for the payment and agreed that he did his due diligence to pay the other party. Not pretty I know but sadly we are seeing more and more banks reducing their customer protection services as they are simply taking massive losses.

Rider59 likes this post.
ProblemSolver
 
Posts: 3
Likes: 1 post
Liked in: 1 post
Joined: Mar 1st, 2013, 7:30 pm

Re: BMO Refuses to Reimburse Senior Victim of Bank Fraud

Postby Bsuds » Jan 20th, 2018, 4:28 pm

ProblemSolver wrote:
I the Bank Customer willingly sent money, or paid a fraudulent bill then the Bank will not reimburse the funds as the Customer knowingly paid said person.

If however they acquire your credit card, or other billing information without your agreement, or steal it, then the bank will use their Consumer Protection programs to cover any lost money.


Exactly, if the customer sent the money then it is their own fault and not the Banks.
I have never tried Yoga but I bent over to pick up my keys once so I'm pretty sure I wouldn't like it.
User avatar
Bsuds
The Wagon Master
 
Posts: 42138
Likes: 8179 posts
Liked in: 10355 posts
Joined: Apr 21st, 2005, 10:46 am

Re: BMO Refuses to Reimburse Senior Victim of Bank Fraud

Postby ProblemSolver » Jan 20th, 2018, 6:36 pm

Sadly that is the case, especially since we all know how easy it is to talk someone into giving their credit card over the phone. It is very frustrating when you consider how able these phone scammers are.
ProblemSolver
 
Posts: 3
Likes: 1 post
Liked in: 1 post
Joined: Mar 1st, 2013, 7:30 pm

Previous

Return to Central Okanagan

Who is online

Users browsing this forum: CommonCrawl [Bot] and 9 guests