The amount to be reimbursed for bank fraud depends on several factors.
If the theft was on a credit card, then your personal liability tops out at $50 and will be $0 if you report the card lost before any unauthorized charges are made. If your credit card number is stolen, but not the card, you are not liable for any unauthorized use.
For bank accounts and debit cards, it is slightly more complicated. If someone makes unauthorized transactions with your debit card number, but your card is not lost, you are not liable for those transactions if you report them within 60 days of your statement being sent to you.
If your bank card is stolen and you let your bank know your card was stolen before anyone unauthorized had a chance to use it, you're completely off the hook. Even if it takes you up to two business days to report the theft, you're only liable for $50. If you wait until 60 days after your statement containing evidence of theft is mailed to you, your liability goes up to $500. Let it go past that, and you can lose everything that was stolen. Report a stolen card, or even a misplaced one, the moment you realize it is gone.
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