Will banks refund stolen money?
Will banks refund stolen money? The bank must provide a provisional credit to your account within 10 days, and it has up to 45 days to complete the investigation. If the bank determines that the charge was fraudulent, it must refund your money and remove the charge from your account [*].
Do banks monitor your account?
The information banks collect may be used to create bank statements, monitor for fraud, and determine credit eligibility. Banks and credit unions also gather information about consumers' online activities.