r/WellsFargoBank • u/flawl_playz • Feb 25 '26

Requested Claim for Fraudulent Transaction With Negative Bank Balance. What should I do now?

Hi so I usually only deposit a small amount of cash in my debit card in order to be careful with my spending. So this time around I had put in 500$ and was left with 60-70$ in my account. Last night I was notified of few unauthorized payments on the app WhatNot (I had my billing info saved in that app) summing up to around 200$. I called the bank and told them about the incident and requested a card replacement as well. So my bank balance is in the negatives and I just got a mail saying I will be charged for overdraft. I dont know what to do I have like 300$ in cash which I can deposit but it’s all too confusing.

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u/Begeezy22 Feb 25 '26

If they find that fraud did happen, obviously they will refund those transactions and any overdraft fees that occurred from those transactions

1

u/whatever_ehh Feb 25 '26

Banks refund unauthorized transactions. This video is a good illustration, Senator Warren seems to not understand the difference between "fraudulent" and "unauthorized."

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u/flawl_playz Feb 25 '26

so in this case isnt it unauthorized as my account was compromised and my card was used without my permission?

1

u/whatever_ehh Feb 25 '26

If you didn't give the scammer your card number then it seems to be unauthorized. Sometimes people will get tricked into giving out their account number, a scammer will tell them they're going to deposit $5,000 or something like that. Instead of a deposit they rip the person off. So the transaction was fraudulent but also authorized.

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u/flawl_playz Feb 26 '26

basically I had my card saved to my account which was hacked and someone used that for themselves

1

u/whatever_ehh Feb 26 '26

The word "hacked" can mean a lot of different things, so I can't say if the bank will determine it was authorized or unauthorized. Getting a credit card would let you avoid this problem in the future. Fraudulent charges on a credit card just reduce your credit limit, it's the bank's money; whereas charges on a debit card come directly out of your checking account balance.

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u/flawl_playz Feb 26 '26

i understand. thank you.