How dare they?

I believe these small transactions are the ones that people don't notice but can add up to a lot across the network. Good that the bank spotted it!

I agree ,but now i have to use my personal card to do all my business transactions untill the new one comes

Scammers  often  use  those  small  amounts  to  check  if  your  account  is  regularly  checked  !!  If  its  not  then  they  can  hit  you  hard  a  time  or  three,  and  vanish  like  this  mornings  mist.  However  if  it  is  chased  up  swiftly  they  most  likely  will  just  dump  the  data  and  put  their  efforts  into  something  more  profitable  to  them  !

In the meantime, small amounts eg £1.00 can add up quite well with several million customers!

Yes some years ago they picked out a 99p payment for something online - and caught that one for me - at that point I hadn't bought any CDs before.  I was impressed. 

My bank phoned me today to tell me they have noticed some unusall activity on my business card , some one had tried to top up their mobile phone for a total of £5.93, surely if someone is going to try and use your card they would make it worth it , so now the bank has canncelled my card and it will be 5 days before a new one comes through

I understand this is usual if it works they go for BIG. Bit of a pain but better than trying tyo reclaim and still have the wait for a new card.

Best thing fgor online shopping is credit card with low limit. If it gets cloned/hacked it doesn't affect your normal day to day transactions.

A friend had hers cloned a few years back, much aggro and unable to even get at cash without visit to the bank.

If you have banking app on your smart phone be aware thieves can access your money at ATM by texting/calling from your phone and hetting a one time code

Best thing fgor online shopping is credit card with low limit. If it gets cloned/hacked it doesn't affect your normal day to day transactions.

A friend had hers cloned a few years back, much aggro and unable to even get at cash without visit to the bank.

If you have banking app on your smart phone be aware thieves can access your money at ATM by texting/calling from your phone and hetting a one time code

Thats  the  very  thing  I  got  from  the  bank  adviser  B2

Total  monthly  spend  on  my  On-line  card  is  £500  Absolute  Max  !!

 

If you have banking app on your smart phone be aware thieves can access your money at ATM by texting/calling from your phone and hetting a one time code

Other banks may vary Bakers, but although I have never used it, I just checked on my phone and it would not be possible with the Nat West app. Requests for the code are from within the app itself, which requires a six digit pin code or my finger print. However, before they could even attempt this they would have to get into the phone, which again requires a pin code or finger print. If they remove the sim and put it in another phone, this again requires a pin code to unblock it. I am not saying ing it could not happen, but I think I have made things as difficult as possible.

 

If you have banking app on your smart phone be aware thieves can access your money at ATM by texting/calling from your phone and hetting a one time code

Other banks may vary Bakers, but although I have never used it, I just checked on my phone and it would not be possible with the Nat West app. Requests for the code are from within the app itself, which requires a six digit pin code or my finger print. However, before they could even attempt this they would have to get into the phone, which again requires a pin code or finger print. If they remove the dim and put it in another phone, this again requires a pin code to unblock it. I am not saying ing it could not happen, but I think I have made things as difficult as possible.

Don't use them use them myself. I have PIN on my phone, although my two year granddaughter broke into it .  I was listerning to something on radio,?moneybox/you and yours?? It would only be radio 4. When it was discussed, so only raising awareness. 

If you have banking app on your smart phone be aware thieves can access your money at ATM by texting/calling from your phone and hetting a one time code

Write your comments here...

Are you suggesting that for this to work;

1 you lose your phone and it's found by an ATM thief

2 the thief defeats your phone PIN

3 the thief manages to break your banking App security

4 the thief rings your bank and obtains a one time cash withdrawal code

5 meanwhile you haven't noticed that your phone is missing

6 despite your phone going missing you haven't used its 'find my phone' feature and it's capability for wiping your phone clean

It's not unknown for people to be struck by lightning either, though you can reduce the risk by staying away from tall trees.