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What happens when someone steals your debit card and uses it?
If you still have the card, but somebody stole your card number, you have 60 days to report any fraudulent transactions and have the bank cover your losses. After 60 days, you’re responsible for the charges. The safest approach is to contact your bank immediately and order a replacement.
How long does it take for a bank to refund stolen money bank of America?
Handling of Electronic Transactions If you report a fraudulent transaction, your bank has to investigate the charges and refund your money within 10 days. Your bank can extend the investigation timeline to 45 days if you receive provisional credit of a refund within 10 days of making your claim.
What happens if someone stole money from my debit card?
If you discover that someone has stolen money from your debit card, notify the bank immediately. The sooner you notify the bank, the more money the bank will legally be required to replace.
What should I do if money has been stolen from my Card?
If you discover that someone has stolen money from your debit card, notify the bank immediately. The sooner you notify the bank, the more money the bank will legally be required to replace. Stay in touch with your bank to see the progress of its investigation…
How much does a bank have to refund a stolen debit card?
Some banks will go beyond the legal limits to make sure you get all of your money back. How much the bank is obligated to refund to your debit account after money was stolen depends on how long you took to report the theft.
What happens if you lose your debit card or pin?
Let’s say you lost your debit card or PIN or either was stolen. If you notify your bank or credit union within two business days of discovering the loss or theft of the card, the bank or credit union can’t hold you responsible for more than the amount of any unauthorized transactions or $50, whichever is less.