Debit Cards: Myth-Busted, Secure Shopping

0:00Citizens' Bank just dropped a guide busting the big myth that debit cards leave your checking account wide open to fraud, pushing folks to stick with. Credit Cards Turns out federal rules under the Electronic Funds Transfer Act cap your losses tight if you report a loss card before any shady charge is hit. You're At zero liability spotted within two business days and it's capped at $50 up to 60 days $500 max. Many banks go even further with zero liability policies like citizens does, covering unauthorized buys if you report quick. You can freeze your debit card instantly via their app and digital wallets like Apple Pay or Google Pay swap your card number for a one-time token, making hacks useless. This misunderstanding hits hard because debit cards get blamed for risks that aren't there anymore thanks to real-time monitoring and chiptick. Meanwhile, frauds exploding, U.S. Consumers lost over $12.5 billion last year, up 25% and America eats 42% of global

1:04card fraud, despite just 25% of spending. Experts say check your account daily through your banking app, set up transaction alerts, and only shop trusted sites on secure networks. Memorize your pen, use VPNs on public Wi-Fi, and lean into those digital wallets for extra encryption shields. Out of line, debit cards pack solid protections if you stay vigilant. Know the rules, act fast, and that drained account fear stays just a myth. This has been Durham News Today, powered by AI.