Can I dispute a charge if I suspect fraud?

@heather 

Yes, you can dispute a charge if you suspect fraud. If you notice any unauthorized or suspicious transactions on your credit card or bank statement, it is important to take immediate action to protect yourself. Here are the steps you can follow to dispute a charge:

1. Contact your financial institution: Reach out to your bank or credit card issuer as soon as possible to report the suspected fraud. They will guide you on the specific procedures to follow, which may include freezing your card or account to prevent further unauthorized transactions.
2. Provide necessary information: You will likely need to provide details about the disputed charge, such as the date, amount, and the reason you believe it is fraudulent. Be prepared to submit any supporting documentation you may have, such as receipts or communication records.
3. File a dispute or fraud claim: Follow your financial institution's instructions to formally initiate a dispute or fraud claim. They may have an online form, a dedicated fraud hotline, or a dispute resolution department to handle these cases.
4. Investigation process: Once your dispute is filed, the financial institution will initiate an investigation. They may contact the merchant involved to gather more information and provide them an opportunity to respond.
5. Provisional credit: In some cases, your financial institution may offer provisional credit to temporarily reverse the disputed charge while the investigation takes place. This credit acts as a refund until the issue is resolved.
6. Monitor your account: While the investigation is ongoing, keep a close eye on your account for any further suspicious activity. Report any additional unauthorized charges promptly.
7. Resolution: Typically, the investigation should be resolved within a specific timeframe set by your financial institution (often 30-90 days). If the dispute is found in your favor, the charge will be permanently removed, and any provisional credit amount will become permanent. If the investigation favors the merchant, the charge will be upheld.

Remember to document all communication, keep copies of relevant documents, and follow up regularly with your financial institution to ensure a timely resolution.