RE: [MLUG - DISCUSSION] Off topic - Check cashing cards

["Ross, Matt" <EMAIL:PROTECTED>]

Something to remember - record when you call, and then write a letter to
them referencing the call, keeping a copy for your records.  If they get
your call, then pay off $500+ in transfers made with the stolen card,
there's not much you can do to keep them honest about when you contacted
them if you don't record everything.  Don't expect anyone to be honest when
it comes to money, especially not your bank.  The bank manager might be
honest, as it's pocket change to him, but the clerk you talk to on the phone
knows that $500+ in loss is going to be blamed on him if not you.

> Try this:
> 
> http://www.ftc.gov/bcp/conline/pubs/credit/atmcard.htm
> 
> "ATM or Debit Card Loss or Fraudulent Transfers (EFTA). Your liability
> under federal law for unauthorized use of your ATM or debit 
> card depends
> on how quickly you report the loss. If you report an ATM or debit card
> missing before it's used without your permission, the EFTA 
> says the card
> issuer cannot hold you responsible for any unauthorized transfers. If
> unauthorized use occurs before you report it, your liability under
> federal law depends on how quickly you report the loss.
> 
> For example, if you report the loss within two business days after you
> realize your card is missing, you will not be responsible for 
> more than
> $50 for unauthorized use. However, if you don't report the loss within
> two business days after you discover the loss, you could lose 
> up to $500
> because of an unauthorized transfer."
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