Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

When your bank figures out that you're probably full of shit, are they likely to terminate your account and/or report you to the police for fraud?


Terminate, yes. Report you to the police, not sure.

Chargebacks for small amounts are often paid by the bank itself because it's cheaper than actually disputing with the merchant, so banks will certainly terminate accounts of customers who abuse that.


I've heard in most cases, banks don't bother investigating / pursuing (credit card) fraud for amounts <$10K.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: