The recent Equifax hack serves as a pointed reminder: Your financial information can easily fall into the wrong hands, Cyber criminals and old-school pickpockets alike may rack up thousands of dollars on your credit and debit card accounts. If this happens, how liable are you?
| TYPE OF CARD | MAXIMUM LIABILITY |
|---|---|
| LOST OR STOLEN CREDIT CARDS | |
| If you report your card lost or stolen to the card provider before unauthorized charges are made | $0 |
| ...After unauthorized charges | $50 |
| LOST OR STOLEN DEBIT CARDS | |
| If you report your card lost or stolen to the card provider before unauthorized charges are made | $0 |
| ...Within two business days following discovery of loss of card | $50 |
| ...More than two business days following discovery but less than 60 calendar days after card statement has been sent | $500 |
| ...More than 60 calendar days after card statement has been sent | Full amount of unauthorized charges |
| STOLEN CARD NUMBERS CREDIT CARDS | |
| If your number is stolen (but not the actual card) | $0 |
| STOLEN CARD NUMBERS DEBIT CARDS | |
| If someone makes unauthorized charges (but your card isn't stolen) and your report them within 60 days of your statement being sent to you. | $0 |
*Card provides may hold you liable for less than the maximum or waive your liability depending on such factors as whether your account is in good standing or you have safeguard the card.
We recommend you to check the Equifax website. They are offering all U.S. consumers identity theft protection and credit file monitoring through TrustedID Premier.
For more information, visit ftc.gov