Are Debit Cards Safe?
Filed under Identity Theft
Answer: The Jury Is Still Out.
The problem is that although your credit card number and your debit card number are both pretty easy to steal, the results can be quite different. With credit card fraud, the thief steals the bank’s money, and your job is to prove you don’t really owe it.
With debit card fraud, the thief steals your money, and you have to convince the bank to put it back into your account. Guess which one’s easier? When a thief steals your credit card you’ll never pay more than $50 in fraudulent charges. But when it’s your debit card, it’s possible to lose all the money in your bank account.
