Thread: Debit cards
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Old 10-17-2006, 11:03 AM
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disneysteve disneysteve is offline
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Default Re: Debit cards

Quote:
Originally Posted by Ima saver
Sorry Steve, I don't know how to do that, I am new to computers. I will just mention some of the things in the article.
For one, you should know that debit cards do not carry the same protection against fraudulent use, as a credit card. It will, but ONLY, if you notify the bank within 2 days of losing your card. If you wait longer than that, you could lose up to $500. If you don't report a problem within 60 days, you are stuck paying for the thief's spending spree. You could lose everything in your checking account and your overdraft account too.
This isn't news to me. Also, even if you do report the card stolen, the money is already out of your account and you need to wait for it to be returned. Much different than fraudulent credit card charges where you can just not pay that portion of the bill.
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