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They may, if the issuer wants to be generous. They are not entitled to the same legal protections that credit cards are.

• lxgr 2y ago
  That's largely a myth these days: Scheme rules mostly require issuers to extend a zero-liability policy to consumer debit cardholders. Even if they wouldn't, there is a little-known debit counterpart to Regulation Z (which is the federal regulation affording you all the nice credit liability protections you might be used to) called Regulation E: As long as you notify the issuer/bank within 60 days, your losses are also capped to $500. But since most banks don't want to lose a customer over a deductible in an edge cases (usually they can recover the funds themselves via a chargeback), the real loss is usually zero.
  • loeg 2y ago
    You say you're disagreeing with me but the text of your comment substantiates what I wrote.
    • lxgr 2y ago
      I think we agree on the outcome, but not the mechanism. I'm saying that debit protections have nothing to do with the issuer "feeling generous", and a lot with market forces and legal regulations, just like for credit cards.
  • clooless 2y ago
    It's no myth. The bank will keep the money in many cases by claiming you were negligent. You have no recourse.