HOW DOES BANK GET PAID FOR FRAUD CLAIMS?

If there was a rascal where someone used your personal info to open a paypal comment as well as used your own bank comment as well as took your income (by transferring it from bank to paypal, afterwards pocketing a money), as well as we told both paypal as well as bank about a fraud, as well as your bank took assign as well as put a explain as well as gave we a income back. Who pays a bank for which money? Does a bank have paypal give them a money? Or do banks get so most income per year (or whatever) for rascal claims?

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One Response to “HOW DOES BANK GET PAID FOR FRAUD CLAIMS?”

  1. charles w says:

    First, Paypal is not a bank and they are not bound by any banking laws. Your bank will likely get the money back from Paypal.

    Make sure that you file a police report. The fact that someone was able to get your banking information is a problem and you want to make sure that there is a paper trail (police report) for the next time.

    I would suggest that you close the account and open one at another bank.