Yes— but only if you act quickly. If you lose your debit card or discover your PIN or password has been stolen, say something immediately: Federal regulations limit your liability to a maximum of $50 as long as you notify your bank within two business days. Wait longer, and your liability can jump to $500 or more.

Similarly, if you spy a fraudulent charge on your statement but you were unaware of your information being stolen or lost, call your bank right away. If you don’t notify the bank within 60 days, you could be on the hook for 100 percent of the unauthorized charges.


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