Lost your Debit Card?

Signal News has some tips on what to do if your debit card is stolen, so we thought it was worth passing along. Having a debit card stolen can be more difficult to rectify than having your credit card stolen, because banks can have 2 different sets of rules for who is responsible for fraudulent activities. With credit cards, the bank is responsible to cover any losses. However, this isn't the case with debit cards, and it can end up being the responsibility of the card holder to prove that theft has occurred.

Of course, it doesn't help that according to Javelin Research and Strategy, the use of debit cards is up.

Posted by Darragh