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A small niggle, because I see a lot of people say this: At least in the US, many banks do extend the same protections to both credit and debit cards. My wife an
by chc 12y ago
A small niggle, because I see a lot of people say this: At least in the US, many banks do extend the same protections to both credit and debit cards. My wife and I both had our debit card info stolen in separate hacks over the past few years, and both times our respective banks just asked us a few questions, credited the money back to our accounts and sent a new card that automatically replaced the old card upon activation.
- kijin 12y agoHow long did it take for your bank to return the stolen funds? I heard it takes at least a couple of days in most cases. The scary thing about debit cards is that when someone steals money with it, they're stealing your money. So if your account is drained and your rent is due tomorrow, you're in trouble. With credit cards, on the other hand, the thief steals the bank's money. Your money is safe the whole time.
- chc 12y agoFor me at least, it was credited immediately, with the caveat that they would remove the same amount if an investigation showed that the funds had not actually been stolen.