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How much would i loose if a loose my ATM card?

1)Suppose that someone stole your ATM card and withdrew $950 from your checking account. How much money could you lose (according to federal legislation) if you reported he stolen card to the bank:
A)The day the card was stolen
B)6 days after the theft
C)65 days after receiving your periodic statement

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If you lose the card and report it within 24 hours you will only lose $50. But there is one thing about your question that throws everything off. If they are withdrawing money they have to have your pin number. If you give your pin number to the thief or have it written down and kept with the card, it is all on you. The bank does not have to pay is that is the case. Now if the use the card to make purchases it is a different story, because they can use it as a charge card and not enter a pin.

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Any charge or payment will not be on you once you notified the bank of lost card. but how the hell did they know your pin to withdraw that amount. beside the max is 300 a day so how long did it take before you realize you lost it?

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