Broker Check

The Debit Card Follow Up

April 17, 2026

I will keep this one brief.  As promised, PNC Financial came through exactly as they promised and provided a conclusion to our debit card fraud on exactly the week and day (almost like it was a calendar event!).  The answer from PNC was we received a credit of a little over $90.00 and was told via form letter that on April 17th they would be debiting from our account close to $1500.00 in funds they initially credited back to us "pending investigation".  I don't know how much "investigation" actually took place.  Doesn't matter.  THE LESSON that I heard from numerous clients was, "DON'T USE DEBIT CARDS".  I have learned it with an expensive tuition of about $1500.00.  Since my first post on this, we have migrated all of our activity onto CREDIT CARDS--because this type of thing is typically resolved more favorably.  I think banks should have to issue debit cards with a warning and send out the warning yearly (like those privacy notifications).  It may look the same as a credit card.  It may have that nifty "Visa" logo or whatever on it.  But a debit card is not the same as a credit card.  Lesson Learned.  Thanks for reading.