Debit card loss: What are the chances of dispute the charges?

[jbahseng]

I lost my wallet today and i called and closed the accounts as soon as i found out. There were 2 credit cards and 1 debit card in the wallet. No charges on 1 credit card, and a small charge from a oil station on another credit card. And the CSR from the bank told me there was 2 pending charges from Lowes on my debit card after the card was lost ($100 and $500). He said he will dispute it and it may take 45 days to get my money back.

Right now i was wondering will i get the credit back in 45 days? It's that true once i repport the loss i have no further liablity for unatuthorized charges and the maximum liability is $50 per card? In case you guys are wondering it's a Bank One debit card with Visa logo on.

 

[The Dancing Peacock]

probably pretty good. I had my discover card # swiped by someone and they refunded the 400 bucks to me immediately

 

[jbahseng]

Yeah, that charge from the oil station was on my Discover and they waive it from my account after i report it. But i'm not sure do i have the same protection on the debit card.

 

[The Dancing Peacock]

Originally posted by: jbahseng
Yeah, that charge from the oil station was on my Discover and they waive it from my account after i report it. But i'm not sure do i have the same protection on the debit card.

I think on my debit I'm liable for up to $50, but I'm not sure.
as far as getting everything back, I dont' think so, you might be out those $50

 

[jbahseng]

[I need some help] bump. [/I need some help]

 

[Zim Hosein]

jbahseng, if your debit card has either a VISA or MC logo on it, you're covered as if it was a credit card. hope this helps Sorry about your wallet

 

[Sundog]

Originally posted by: jbahseng
[I need some help] bump. [/I need some help]

Read the cardholder agreements!

 

[JimmyEatWorld]

same thing happened to me. Someone stole my wallet, had it for maybe 10 hours, charged over $100 worth of stuff at a gas station (prolly filled up his buddies cars and bought em all beer), and then charged like $120 at Wal-Mart at 4 in the morning. I disputed the charges, and got the money back within two weeks with absolutly no loss to me, and no difficulties. Sorry this happened, good luck with it

 

[RossMAN]

Like Sundog suggested read your account disclosure and agreement, it says in there what exactly you're liable for.

Your chances of paying $0 (or $50 maximum) are greatly increased if you reported the debit card lost/stolen BEFORE the fraudulent charges transactions took place.

Unless someone here works for Bank One's fraud department, none of us will really know the answer, it's in the above described documents.

 

[brunswickite]

This happend to me, i was browsing my bank statement online and i saw a 300 doallr AOL charge, i was like "WTF thats not my §hit" so i called up teh bank and they asked me all these quesitons bascially put a lock on my account, also the worst thing bout mine is that i never lost, or had the card out of my possesion.. well anyway basically waht i had to do was fax them an appeal, and withing likr 4 business days they recredited me. and sent me a new card.

 

[jbahseng]

Damn, can't find the agreement and their telephone banking service are closed. Looks like i will have to find out tomorrow morning.

 

[Sundog]

So what did you find out?