What Are My Rights When A Store Cashier Illegally Authorized Cash Back Without My Knowledge And Kept The Money When I Paid For A Purchase With My Debit Card?

For example, if the store manager was aware of the cash back authorization but didn’t take any steps to stop it, he or she may be held liable. In most cases, you’ll also be able to get the money back from the bank that issued your debit card.

How to File a Complaint about Unauthorized Debit Card Transactions When you make a purchase with your debit card, it’s important to know that your rights are protected.

What is a Debit Card?

A debit card looks like a credit card but works like an electronic check. Why? Because the payment is deducted directly from a checking or savings account. If you use a debit card at a retail store, you or the cashier can run your card through a scanner that enables your financial institution to verify electronically that the funds are available and approve the transaction. Most debit cards also can be used to withdraw cash at ATMs (automated teller machines).

Why do people use Debit Cards?

For many people, it is more convenient to carry a small, plastic card instead of a bulky checkbook or a large amount of cash.

Using a debit card is also easier and faster than writing a check. It’s a good way to pay for purchases without having to pay interest, as you would if using a credit card with an outstanding balance.

You can even use your debit card to get cash when you make purchases at a store.

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What kinds of costs are associated with Debit Cards?

There may be fees for using your debit card. Examples: Some banks charge a fee if you enter a PIN (Personal Identification Number) to conduct a transaction instead of signing your name.

You may trigger a fee if you overdraw your account using your debit card, just as you would if you “bounced” a check. Or, there could be a charge if you use your debit card as an ATM card at a machine that is not operated by your financial institution.

As with other bank products, your financial institution must provide disclosures explaining the possible fees associated with a debit card. Be sure to read the disclosures to avoid an unexpected fee. Read more articles on activateenter.

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