How to Recover Your Money from Unauthorized Transactions
Learn the steps to get your money back from unauthorized transactions effectively.
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If you've encountered an unauthorized transaction, contact your bank or card issuer immediately. Most financial institutions have a fraud department that can lock your account, reverse unauthorized charges, and issue a new card. Also, review your statements regularly to catch unfamiliar transactions early.
FAQs & Answers
- What should I do immediately after noticing an unauthorized transaction? Contact your bank or card issuer right away to report the unauthorized transaction.
- How can I review my statements for unauthorized charges? You can regularly check your bank statements through online banking or request paper statements from your bank.
- Will my bank always reimburse me for unauthorized transactions? In most cases, if you report the transaction promptly, banks will reverse unauthorized charges.
- What evidence do I need to provide to my bank? You'll need to provide details of the transaction, any relevant account information, and possibly identification.