Home | How to deal with | How to deal with banking frauds?
How to deal with banking frauds

How to deal with banking frauds?

Banking fraud is a criminal offense and whoever does that is punishable under law.  How do you deal with your account if you are a victim of such a fraudulent activity?

Here are some ways that can help you to prevent a banking fraud from happening with you:

  1. Be a smart banker – It is your responsibility to know what policies the bank follows, especially take a note of the policies which specify the clauses regarding what happens if there is any unauthorized activity related to your account. It is in your best interest to have an idea of these rules and regulations before you go ahead and start banking with them.
  2. Go for online banking – In case your bank provides online services, it is always better to go for it. You will get email notifications when there are debit transactions against your account. Banks these days even notify you through text messages in you mobile phones about any transactions taking place through your account. Always keep the bank book balance and keep a track of the transactions that are going on in a daily basis. In most of the cases, these services come for free, however, even if they come for a fee, you must go for it. However, be sure to keep your user name and unique pin number safe.
  3. Always keep your book balanced – It is essential for you to know where your money is going and where it is coming from. This makes it easy for you to rule yourself out in case of any error. If your book is balanced you will be in an advantage to prove the situation to the bank too.
  4. Be careful while you are surfing or shopping online – There are fraudulent websites all around who keep on asking for your personal information. They might ask for your debit or credit card numbers or other banking details. You must adjust your browser settings so that it rejects cookies whenever possible.

In spite of putting in all the diligent efforts from your side, what if you still face a banking fraud? Here are some tips to handle it.

  1. Get educated – Get familiar with the Regulation E of the Federal Law. You can find it in the internet. Many websites would show it in detail. Most of it is for your benefit, but especially significant in this case is the Section 205.11, which deals with provisional credit.
  2. Take action immediately – If you find that you have been a victim of an obvious fraud, you need to report it immediately with the bank. It is not right to accept it as post. You should ask them to hand over the money to you at the outset and let them know that you are aware of the law. Tell them that by law it is known as provisional credit. This credit should be handed over to the party concerned during the period of the bank’s investigation, and not afterwards.
  3. File a written complaint – It is always advised to put everything on paper. As soon as you alert your bank about the fraud, do the paperwork needed simultaneously. Fill out and sign the affidavit, and the form for the request for investigation. These might work in your favor whatever it takes to assert to your bank that you did not under any circumstance authorize the fraud. However, you must always keep a copy of the paper with you. In case there is no follow up on the investigation, you must have your copy to get back to the bank.
  4. Report a complaint with the police – Even when the bank has not asked you to, it is your responsibility to file a complaint with the police. If the bank does not ask you to write the complaint, it might be that they are avoiding the situation. Make them realize how important it is for you.
  5. Be firm, but calm – You can get help from the bank only if you keep your cool. Do not push too much. It is your money and they are bound to give it to you under all circumstances.
  6. Keep on pushing yourself – Keep on tracking your transactions through your bank statements. It might so happen that you get hold of a proof that takes you to the point where the fraud had happened and who had done the fraud. This might just help you to catch the thief even before you realize it.
  7. You have the option of changing your bank – In case you do not have satisfactory results in persuading your bank to do the needful, you can close your account here and start a fresh account with a new bank. Even if they are unwilling to pay you, they should put in efforts to make investigations possible. If they are not even ready to do that, it is better to move elsewhere.

This is not an exhaustive set and you can come up with new ideas when you experience a fraud yourself. The rate at which banking frauds are taking place has surpassed all limits. Even with security measures tighter than ever, it is not at all difficult for someone to steal and acquire your personal banking card information and wipe out all accounts. There are some obvious measures in which you can protect your accounts, but it is best to be prepared for the situation and educate yourself.

Dr Prem Jagyasi

Dr Prem Jagyasi

Author, Chartered Consultant, Personal Branding Expert & Global Trainer at DrPrem.com
Author of several life improving guide books – Dr Prem is an award winning strategic global leader, successful chartered consultant, personal branding expert and global trainer.  Dr Prem has traveled to more than 40 countries to work with above 150 international organisations and to speak in global conferences. Dr Prem has published several guide books and numerous niche websites which have millions of reader across the globe.
Dr Prem Jagyasi
Dr Prem Jagyasi

Similar Articles from Dr Prem Web Network

  • http://www.DrPrem.com Dr Prem | DrPrem.com

    Excellent.

  • http://langschlitztoaster.net/weitere-details-uber-den-severin-at-2515-langschlitztoaster/ testsieger toaster

    Howdy very nice web site!! Guy .. Beautiful .. Amazing .. I will bookmark your website and take the feeds also?I am happy to search out numerous helpful info right here within the put up, we’d like develop extra techniques on this regard, thank you for sharing. . . . . .

  • http://www.hardcoretotal.de sexcam

    Just wish to say your article is as astonishing. The clarity in your post is simply excellent and that i could suppose you are an expert on this subject. Well along with your permission let me to take hold of your feed to keep updated with imminent post. Thanks a million and please continue the rewarding work.

  • http://www.sympathymessages.com/ sympathy messages

    the pictures are wonderful

  • http://www.DrPrem.com Dr Prem Jagyasi

    Using Disqus at HowtoDealwith.com

  • Shaudi

    true thx this helped

  • Dheekopudi

    amazing helps a lot awesome peeps!

  • Shaudi

    Would be awesome! I’m A MAJOR FAN!

    • Simon

      Yeah… Arguing 24/7…luckily it isn’t 24/7 exactly since Brits and her sisters are with Miss Miller, it’s a miracle we all get through the night with Alvin and Brits arguing through night, texting like mad! I can’t sleep with that honking big light over me since Alvin says texting at night without adequate light is bad for his eyes…. YEA RIGHT! Lack of SLEEP is bad for your daily function as well! Ellie and Theo are done preparing the MEAL as they call it. Can’t wait to try it… XD

  • CowlSillDib

    good!

  • http://www.adduggsireland.com/ CowlSillDib

    cool,googd idea.

  • http://www.emailsvip.com.br lista de emails

    that was a lovely article. i liked reading it. thanks for sharing.

  • VenkatChari

    A good article. The loss of loved ones is a great blow. It takes much time for some people to come out of it. But you should express your grief by some reactions to over come it more easily. When express your grief, your heart will feel some lightness and will not affect your health conditions deep. If you do not express your grief, then it will remain stuck in your heart and make you sick both mentally and physically. People close and near to the grief stricken should also try to console them so that they out cry and feel themselves light with the feeling and satisfaction that there are others who care for him/her in bad times. This gives the grieved person security and confidence and slowly helps to recover himself/herselp.

  • VenkatChari

    A good article on how to deal with inferiority complex. Inferiority arises when you compare with others. Added to that, the lack of self confidence and stage fear make it more difficult to deal with. This problem of inferiority arises when you constantly fail in your assignments, whenever your parents and friends make discouraging comments like ” you are not fit for anything” or “your friends and class mates are more better than you”, etc. and many more reasons. So, first thing you should do is to stop comparing yourself with others. Then, you develop some boldness. Let others say what they say. ignore their comments. Try to understand the weaknesses in you and their reasons. Slowly develop over coming those weaknesses one by one. One more thing is you should not get bewildered at failures. You must see some positive aspects in your failures. Every failure is a step to your success. So go on making effort again and again.

  • VenkatChari

    A very good post. Very useful tips to over come inferiority complex. Basically this complex arises out of stage fear and lack of confidence. This may be due to recurring failures. When a person fails in some attempt, he gets discouraged. When discouraged, he lacks inspiration to make another attempt because of the fear of failing again. He is afraid of the others surrounding him who may comment with disrespect for him. In such circumstances, he needs people who can boost his spirit. He needs the support of encouraging words building some confidence in him. Parents, siblings and friends can give support in such circumstances as they are closely related to him. But, more often, the problem is that they may not be having any hint of his problem as the victim keeps himself aloof from them and don’t let them know his problem. Even in such circumstances, they should come to know that he is having some problem due to which he is keeping aloof from them. So, that way, they can be able to know about his having problem and try to make him more inter-active with them by giving company to him and try to solve his problem.

  • VenkatChari

    A very good article

  • VenkatChari

    A very good and healthy article. “Let Go” and “Let it Be”. Very well said. We must learn to let it go. Only then, one could be happy. If you cling on to it, it will keep on torturing you. One day will come when you end broke-out. So, better let it go and enjoy your present life peacefully. What happens, let it happen and don’t fight if it does not happen your way. You simply keep up your work neat and clean which is in your hands. Enjoy the life smiling away.

  • VenkatChari

    A good article giving useful tips for success in life.

  • Diablo 3

    really such a useful information and i liked this site there is huge information…..like to come again

  • Rick

    Thanks dawg

  • http://www.facebook.com/ogunlade.kole Ogunlade Kole

    I am greatly blessed. The important of setting goals and acheiving them in full light. Thank you Doctor.

  • http://www.facebook.com/ogunlade.kole Ogunlade Kole

    Wow! The difference between love and attachment made distinct.

  • http://www.frontendlab.net/ cssgeek

    hmmm liked the post

  • Chris

    I Lost my Hair due to Dandruff, once upon a time i am the Hair Beauty queen of college, but now i lost my hair beauty. I tryied a lot products which in Dealing with Dandruff Hair. but no result. i mailed many companies but nothing happen. now i searching lot of results in google but doing the suggestion given by the reader, Visitor pls give suggestion to my problem

  • David

    Excellent article, really put the focus on the fact that those who are insensitive are Christian. This advice is sure to stop any abuse perpetrated by followers of Christ in particular.

  • Mr Parker

    Am glad today because am now a successful man of Illuminati,i have taught of been one of the Illuminati member so that i will be wealthy, popular, and famous in life and my family will be forever rich. I get a linked up by my primary school friend who is well known. He introduce me to a man who have a successful influence with this occult Illuminati. He really did all for me, and now am so glad of becoming a Illuminati member, I am now rich and wealthy. Illuminati is a great and powerful means to get popular in life. So if you really want to be like me today contact email: Worldofriches@gmail.com

  • Omg

    I have a crazy neighbor he so stupid by putting a electric wire
    On his fence so someone could touch it and hurt not knowing
    Or illegal to do that he could get a fine if someone get hurt
    I don’t do nothing to this guy i a black woman and he white male
    I think he prejudice about blacks well that to bad we are not going
    Anywhere deal with Ass hole

  • http://www.tomsoutletfactory.com/ toms outlet store

    You write very well!

  • http://www.howtogetasixpackin3minutesnow.com Nancy Shirts

    I just want to tell you that I’m all new to blogs and absolutely enjoyed your web-site. Likely I’m likely to bookmark your site . You actually have outstanding articles and reviews. Thanks a lot for sharing your blog.

  • BENJI

    DAYUMMMMM CONSIDR IT DUNE. IMMA DEW ITS RIGHTS NOWS. YOUS WILLS SEES. ILLS MAKES HEAIRS SILKY SMOOTH LIKE BABY ASS.

  • http://www.dermology.us/ Terrie Dawson

    Oily skin is the reason of excessive sebum production by skin and also by hormonal imbalance. This may cause acne and other skin problems. I found many useful tips for oily skin which is really effective thanks to share these wonderful ideas for oily skin.

  • chaz01

    Excellent Article. It really puts the focus on the fact that it is the Ghosts who scare us. Thank you, Dr Prem.

  • http://www.DrPrem.com/ Dr Prem Jagyasi

    Quality Site.

  • LUCY

    I heard so many things about DR Lawrence and every story has been so great. so here is my story, me and the father of my son has been off and on for 3 years its been a very stressful relationship. he cheated on me and I was very hurt, it was miserable for me so in returned I cheated because I wanted him to feel the pain but he never cares so we went apart, so he went back to his ex.i wanted him to leave her and let us come back together.

  • patriciafrazer

    I had sinusitis forever and kept just relieving symptoms with OTC meds.
    Finally saw my doctor who prescribed Amoxcillin for sinus infection and No More
    Sinusitis!!! ;)~

  • http://virtualclinic365.blogspot.com/2014/02/10-beauty-tips.html Ahad Ammar

    I will suggest you, you could try using cold milk mix with almond oil…gently dab it around your face to reduce facial redness…or a cold tea bag would also be nice, the “tanin” would act as natural astringent and moisturizer for the skin… Drink lots of water and stay away from the sun.

  • http://virtualclinic365.blogspot.com/2014/02/10-beauty-tips.html Ahad Ammar

    Aloe vera is a miracle plant. Massage you face with aloe vera gel for 2-3 minutes and leave it for 15 minutes, than rinse off. It will make your skin glowing and you easily get rid of facial redness from your face.

Life Improving Guide