Debit cards may not have same theft protection as credit cards - KWWL - Eastern Iowa Breaking News, Weather, Closings

Debit cards may not have same theft protection as credit cards

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WATERLOO (KWWL) -- If you think debit cards have zero liability for losses if yours is stolen like credit cards, think again.

Nearly every debit card comes with restrictions in cases of theft.

Some limit coverage if you're slow to report.

Some don't cover bogus ATM transactions.

And others may require you show diligence in protecting your pin number or card.

If you're slow to report a loss, you could be out up to $500, and your exposure could be unlimited if you wait past 60 days.

Check with your debit card issuer for your exact terms.

Online Anchor: Sunny Layne

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