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They will readily block the transaction and revert the amount.
This will ensure that you get the money back in your account.
They try to get the maximum amount out before user blocks the credit/debit card or changes the bank login details.
In this post I will be referring to only those financial frauds that are done online.
I will not be talking about frauds resulting because of physical loss of credit/debit card or ATM cash withdrawals.
When your bank account gets hacked and money gets transferred online one should follow the steps given below to avoid further losses: What to do to recover lost money from hacked account: In case of online transactions we have a fair chance of recovering/blocking the transaction if we act within 24 hours from the date and time of the fraudulent transaction.
Most of the victims miss out on these important steps and hence are unable to recover any of the money they have lost.However, this is possible only if the merchant has not delivered the goods or process the transaction completely. In the case mentioned above, when I searched the Internet for Gymboree I was able to locate the merchant website. When the victim contacted the merchant through their website and gave details of the transaction it was confirmed by them that the transaction had taken place.