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
Debit cards do typically provide protection. The difference is you are out that money while the fraud is investigated. With a credit card the credit company is out the money. If you are living paycheck to paycheck the money you’re out can have a huge negative effect on your life.
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