Those protections are the main reason it’s recommend to use credit cards instead.
But it doesn’t make sense to me, why would I borrow money (credit) if I had it (debit)?
My guess is that banks deliberately do this so people can accidentally spend more money than they have and companies start charging interest.
In: Economics
A credit card cash be used if someone gets ahold of the physical card, and sometimes if they just get the card number. A debit card can’t be used (as debit, you can still run it as credit) without the PIN, which you’re not supposed to give to anyone else. With a debit transaction, it’s presumed to be you who did it, since nobody else is supposed to be able to. That makes it a lot harder to claim fraud.
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