I noticed on my online statement that a transfer of $77 had been made to Paypal on May 31. I knew it was bogus, since I hadn’t made a Paypal purchase since early April, and it was much less than $77. So I called Paypal, and they confirmed that they had no transfer on record. So today I had to go to my bank, close my account and open a new one. Now I have to have new checks made and notify everyone of the new number. What a PitA.
I wonder how many people don’t even notice a bogus transaction like this. If they do it enough times it could add up to real money.
Because there was no activity on their paypal account. Someone, I’m guessing, set up a way to transfer money out of checking accounts using the name ‘Pay Pal’, or something reasonably close to it.
Too late for this advice for you, but that was probably overkill, & if your bank suggested that, I’d bitch them out.
All you had to do was state that the txn wasn’t yours. Reg E is very consumer friendly & the ACH rules would require them to show proof that the txn should have come to your bank acct; if not, it would have been reversed. Assuming it’s a legit PayPal acct, depending upon how old it is (could have been there for a while, just never used) it could be a typo but managed to get your, legitimate bank account.
Assuming that the other side was PayPal, they’d shut the offender’s account down. However, if it was some bank’s customer trying to spoof PayPal, the acct would be closed & the appropriate authorities contacted as that would warrant a SAR filing.
You mean closing and reopening the account was overkill? Why? If one person got your checking account number, it’s entirely possibly others have it, or can get/buy it as well. If it was me, I’d be less concerned about what happens to the person that took my money and more concerned that it would continue happening so long as I’m using a number that I know has been compromised.