These people in the fraud department don't even deserve to get found in a river.
Seems pretty much a no brainer to me.
The fraud departments we have are so indistinguishable from actual phishing it’s amazing. They even send you a two factor code and have you read it to them! The text says they’ll never ask for it via phone! Embarrassing.
(Maybe it has to do with being used to dealing with clients that literally have no money.)
This is a situation where the Invisible Hand of libertarianism was supposed to manifest and gently nudge people to banks with more favorable terms in such numbers that no bank is able to do this and stay profitable.
If the bank would be liable, we all suffer. How much will banks charge if we would be both secured from fraud risks and indemnified from account closure damages? I would think 1% of your cashflow would not be unreasonable.
Also as a merchant I like a pro-active attitude of the bank to deal with fraud. But, more on-topic, bank accounts are definitely more stable than CCs. But they are not immune for seizures and fraud detection.
