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en102
Canadian, eh?

join:2001-01-26
Valencia, CA

reply to fiberguy

Re: Didn't notice for a year?

I had a similar experience... where Verizon sucked a little more than $1000 out of my checking account, and I didn't even have service with them.
I tend to split up my accounts:
1. Savings (where most of my money actually resides 90% of the time) - little access
2. Checking account - where checks be written form
3. Debit card checking account - the account that is used for Debit card / Checking card access.

Call it paranoia, but its a real pain when you have to go and get this all fixed up after having fraud against your account.
--
Canada = Hollywood North

fiberguy
My views are my own.
Premium
join:2005-05-20
kudos:3

It's not paranoia.. it's smart banking. Most small business will do this very setup you have. One account holds the gold, one is the one that is "known" and linked.. and the other is, like you, a checking account. The big thing for many people is that they REALLY should have an account that is on the outside of the "firewall" and then an account that "no one knows about".. that way, they always have a little egg behind the firewall that isn't able to be attacked.



en102
Canadian, eh?

join:2001-01-26
Valencia, CA

Yup - no need to have any outside access to my savings - so its not connected to checking/debit cards.

Sort of like running web hosting

Put your corp servers deep behind firewalls, and have limited access to servers that access the Internet.
Web / Email servers have access through a DMZ and only access thats needed.

Most companies that want your business want 'ease of access', and most commonly like dealing with automatic billing so that they don't have to process your payment (savings on their part), but it doesn't really benefit you in any way.

The _only_ scenario that I can think of that does any benefit is to use a card to rake up flyer miles by pushing bills through a credit card.
--
Canada = Hollywood North


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