@Tinkrbl44 wrote:
@rrosado wrote:
I am so ****** that Synchrony bank will be charging $1.99 for customers to pay their own balances. Wake up QVC and HSN you are going to lose this good paying customer. This is ridiculous. With such a busy life, it's easier for your customers to receive reminder paper bills. I will be closing my accounts.
@rrosado
Good grief, I can't believe you're serious.
First, no one is "forcing" you to do anything. You still decide how you want to receive statements. No one is preventing you from printing your online statement every month. No biggie.
Second, QVC & HSN do not make Synchrony bank's rules and decisions.
Third, CHECK FRAUD is at an all time high. Try to keep up.
Fourth, I won't add the link to betterreport dot com, but here's a small portion of the article You Need To Stop Writing Checks - Here's Why.
Writing physical checks is clunky and inconvenient at best — and can be dangerous at worst. What used to be an easy way to pay bills and send birthday gifts is now a potential gold mine for scammers and thieves to steal information. Despite the steep decline in check usage, thousands of check fraud cases are reported annually. But there are several ways to protect yourself — and your bank account — from financial fraud. And the best way to start is to stop writing checks altogether.
Writing physical checks is clunky and inconvenient at best — and can be dangerous at worst. What used to be an easy way to pay bills and send birthday gifts is now a potential gold mine for scammers and thieves to steal information. Despite the steep decline in check usage, thousands of check fraud cases are reported annually. But there are several ways to protect yourself — and your bank account — from financial fraud. And the best way to start is to stop writing checks altogether.
The No. 1 Cause of Check Fraud
One of the most significant exposures to check fraud is sending checks through the mail. Even though they require a key to open, the iconic blue USPS collection boxes aren’t as secure as they seem. Check fraud criminals can open the boxes and “wash” any checks they find in a process where the monetary amount is erased using a solution such asnail polish remover. With the original signature left intact, scammers can write a higher monetary amount and deposit the check themselves — and since they use fake accounts created under assumed names, it can be challenging to track down stolen money once you realize it’s gone.
If you become a victim of check fraud, call your bank ASAP. The bank will require you to file a claim, which in many cases takes up to 30 days for a resolution, and in some cases, you may need to file a criminal claim with the police.
Pay all bills online except for my lawn care person. He will only accept cash or paper checks. This is only 1 check / month handed to him after job. No mailing of any checks for at least 10 years. But I want my bills as paper copy since I hardly ever open email and forget about it for months at a time. Hate email and swore when I retired I would not use.
Blogs & Forums
