Quote:
Originally Posted by Purple Lady
It is much different for consumers. If your debit card or number is stolen and used the money is gone from your account until the bank replaces it by which time your mortgage payment and other checks can bounce. If someone steals my credit card info the only thing I lose is the time to get the card replaced.
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If you use your debit card
as a credit card (which is what I was talking about), it is a debit card so far as you are concerned. The money comes out of your bank account immediately, and if it's fraudulent, it's handled the same as if it were used as a debit card.
It's the best of both worlds for your bank.