Know Your Debit Card Risks

Do you enjoy 0% liability every time you use plastic?

You're covered most of the time, but debit cards can be tricky.  They look and act just like credit cards.  They may even have some of the same protection features.  However, consumer protection rules are different, so it's up to your bank to offer a higher level of safety.

Karen Blumenthal explains some of the differences in her Getting Going column.  In particular, you'll find that you have to notify your bank quickly to protect yourself, and your risks increase any time a PIN is used.

Further reading:

• Secrets of Great PIN Numbers
• Debit vs. Credit Cards