Do you need a pin number to use a debit card?

When the card owner inserts or swipes the debit card at an ATM, or makes a purchase at a store, they enter the PIN into the terminal for a transaction processing. In the U.S., credit cards do not require the entering of a PIN number for processing, unless the owner wishes to withdraw cash from an ATM.

What happens if a debit card is lost or stolen?

With ATM or debit cards, you must act quickly to avoid full liability for unauthorized charges when your card is lost or stolen. Under the federal Electronic Fund Transfer Act, your liability is: $0 if you report the loss or theft of the card immediately and b efore any unauthorized charges are made.

What happens if a credit card is stolen?

The theft or loss of a credit card, debit card, ATM, or prepaid card can happen to anyone. You need to be prepared to take action, protect your rights, and stop thieves in their tracks. If your credit card, debit card, ATM, or prepaid card is lost or stolen, don't panic. Federal laws and bank policies limit your liability for unauthorized charges.