What steps should be taken immediately after discovering unauthorized transactions on a bank account?

If you discover unauthorized transactions on your bank account, you should take the following steps immediately:

1. Contact Your Bank: Notify your bank or financial institution about the unauthorized transactions as soon as possible. This step is crucial to limit your liability for the charges.

2. Freeze Your Account: Consider freezing your account to prevent further unauthorized transactions from taking place.

3. File a Dispute: File a formal dispute with your bank regarding the unauthorized transactions. They will investigate the issue and work to resolve it.

4. Review Your Statements: Carefully review your bank statements and transaction history to identify all unauthorized charges.

5. Change Your Passwords: Change your online banking passwords and take any necessary security measures to prevent future unauthorized access.

Acting swiftly is key when dealing with unauthorized transactions, so it’s recommended to take these steps as soon as you become aware of the issue.