What is the process for disputing a transaction on my account?

@alan 

The process for disputing a transaction on your account may vary depending on the financial institution or credit card company you use. However, here is a general step-by-step guide:

1. Review your statement: Carefully go through your account statement to identify the specific transaction you want to dispute. Make sure it is not an error or misunderstanding on your part.
2. Contact your financial institution: Reach out to your bank or credit card company as soon as possible to inform them about the disputed transaction. Most banks have a specific phone number listed on the back of the credit or debit card for such cases. You can also visit the bank's branch in person.
3. Provide information: Be prepared to provide the necessary details related to the disputed transaction. This includes the date, amount, merchant name, and any relevant supporting documentation such as receipts or invoices.
4. Initiate a temporary freeze: The financial institution may temporarily freeze the disputed amount on your account until the investigation is completed. This ensures that you don't have to pay for the disputed transaction while it's being resolved.
5. File a dispute: Depending on the bank, they may have a specific dispute form to fill out or ask you to provide a written statement explaining the reasons for disputing the transaction. Online banking platforms often provide an option to initiate a dispute directly through their website.
6. Investigation: The bank will start an investigation into the disputed transaction. This may involve communicating with the merchant and reviewing any evidence or documentation you provided.
7. Resolution: Once the investigation is complete, the bank will inform you of the resolution. If the transaction is found to be unauthorized, fraudulent, or not as described, the bank will typically refund the disputed amount. If the investigation concludes that the transaction is valid, you may be responsible for the payment.

It is important to note that the specific steps and policies may vary depending on your financial institution. It is advisable to contact your bank or credit card company directly for detailed instructions and to understand their specific dispute process.