Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)
it's a statutory thing-does not depend on your bank at all.
with credit cards, if your physical card is stolen, you are the hook for $0 dollars if you report it before it's used. you are on the hook for a maximum of $50 if it's used before you report. if just the numbers are stolen but not the physical card, you have zero liability, ever.
with debit, if your card is stolen, it's a much more complicated procedure. if you report it before it's used, you have zero liability. if you report it within two days of learning about the loss or theft, your liability is limited to $50. if more than 2, but less than 60 days after receiving a statement with fraudulent charges on it, your liability max is $500. if more than 60 days after receiving the statement, your liability is limitless.
if your debit number, but not card, is stolen, your liability is zero if reported within 60 days of receiving a statement with fraudulent charges. more than 60, and your liability is limitless.
|