I have $143 dollars charged to my card that isn’t mine. I want to report it to the card company.
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7
1-21-11
admin says:
By law, banks must investigate prepaid debit card disputes promptly within ten days of receiving a dispute notice from a cardholder. Typically, YOU must report the incident within two business days to the card issuers to benefit from maximum protection. Included in the terms and conditions link of most prepaid card sites, information is provided on how to dispute a debit card charge. If you have a dispute, It is important that you contact the prepaid card financial institution as quickly as possible as monetary liability might increase from $50 to $500 should you wait more than two business days after learning of the loss or theft on a card. Fortunately, Visa and MasterCard, as well as many banks, no have “Zero Liability” policies that provide added consumer protection.
I’ve heard that you have to report a debit card charge that was unauthorized right away or you lose your money. is that right? why do you have to report these charges so quickly? Are debit cards that much different than credit cards?
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This solution has been deemed correct by the post author
By law, banks must investigate prepaid debit card disputes promptly within ten days of receiving a dispute notice from a cardholder. Typically, YOU must report the incident within two business days to the card issuers to benefit from maximum protection. Included in the terms and conditions link of most prepaid card sites, information is provided on how to dispute a debit card charge. If you have a dispute, It is important that you contact the prepaid card financial institution as quickly as possible as monetary liability might increase from $50 to $500 should you wait more than two business days after learning of the loss or theft on a card. Fortunately, Visa and MasterCard, as well as many banks, no have “Zero Liability” policies that provide added consumer protection.
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LikeDislikeI’ve heard that you have to report a debit card charge that was unauthorized right away or you lose your money. is that right? why do you have to report these charges so quickly? Are debit cards that much different than credit cards?
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