Yes, but not in the way banks make you think. Debit cards are covered by the Electronic Funds Transfer Act (EFTA), which requires banks to reimburse most unauthorized transactions. The real difference is that debit fraud takes your own money out of your account, so the pain is immediate.

Michael F. Cardoza, Esq.
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U.S. Marine & Consumer Financial Protection Attorney helping victims of ID theft and Credit Reporting errors.