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
Who do you bank with? Most banks offer fraud and theft protection for debit cards. It’s the main reason a transaction gets rejected if you’re traveling or in an area you never frequent. One time I got off the freeway to get gas and my card rejected. When I called, they told me it was flagged as potential fraud because I didn’t live in that area and unlocked the card so I could use it.
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