Unauthorized Transactions

Our Practice Areas

Criminals have been executing unauthorized transactions by accessing consumers’ banking information without permission for thousands of years.

But even as banking technology has evolved and become more secure, Americans still lose billions of dollars a year to financial fraud.

Fraudsters seem to always be a step ahead of the financial industry’s security measures. They can hack your online bank account or skim your credit card or debit card information – often without your even knowing it. By the time you detect an unauthorized transaction, the money is already gone.

When your money is stolen or your credit card is compromised, it’s sometimes difficult to convince your bank or credit card company that you are not at fault. Thankfully, the law protects consumers in several circumstances.

Below are a few common examples of unauthorized transactions. If any of these describe your current situation, contact us below for a free consultation.

Credit card fraud

Credit card fraud happens when someone uses your credit card or your credit card information to make unauthorized transactions (purchases or payments in your name without your permission).

Sometimes, you don’t notice credit card fraud until countless charges have been made by someone halfway around the world.

The good news is that federal law – specifically the Truth in Lending Act (TILA) – protects credit cardholders against unauthorized uses of their credit cards.

Bank account fraud

Bank account fraud happens when someone uses your bank account – and takes or spends your hard-earned money – without your permission.

This can happen in several ways. Someone could steal your debit card or your debit card information and make unauthorized transactions to the account. Someone also could hack into your bank account or a related payment system and transfer money out using Zelle, PayPal or Cash App.

As with credit cards, federal law – specifically the Electronic Fund Transfer Act (EFTA) – protects consumers against transactions that they neither performed nor authorized, so long as notice is provided in the manner required by law.

Wire transfer fraud

Wire transfer fraud happens when funds are taken out of your bank account via wire transfer without your permission.

Wire transfers are governed by state law, whereas other bank transfers are governed by federal law. Still, if the bank did not follow specific security procedures or you did not agree to be bound by those security procedures, you may not be responsible for wire transfers that you did not authorize.

How can we help you with unauthorized transactions?

Kelly Guzzo, PLC, has helped many consumers recover from unauthorized financial transactions. If you believe you’ve been held responsible for transactions you didn’t authorize, we’ll meet with you at no cost to discuss your next steps.

Very professional and efficient

[Kelly Guzzo, PLC] stepped into a banking fraud case involving my elderly mother. Everyone we interacted with was professional, kind and clear about next steps and options. Very professional and efficient – I never had to wonder whether they were working on it; they always communicated what was going on. I would recommend this firm to anyone dealing with fraud and deception! ~ Rebecca

Contact us below for a free case evaluation.