Refunds are generally processed and funds returned to the debit card on the customer's bank account within 10 business days. However, there are cases in which a refund takes longer to process.Know More
The amount of time it takes to process a refund depends on two factors: the agency to which the payment was made, and the bank to which the customer belongs. By the Electronic Transfer Act, banks are given 10 business days to process refunds. However, it is not always possible for a bank to meet that limit, especially in cases of fraud, in which it may take longer to gather sufficient evidence. Once a purchase is made, the money used for that purchase leaves the bank and travels to another agency. Before the bank can return the customer's money to the customer, the agency to which the purchase was made must return the customer's money to the bank.
For example, if a customer makes a purchase on Amazon then cancels his purchase and requests a refund, Amazon must first process the refund and return the money to his bank before it can be put back in his account. Although banks often front the money to customers in cases of fraud, they are not required to do so for ordinary refunds.Learn More
According to Ron Lieber for The New York Times, it is possible to cancel a transaction on a debit card by contacting the card issuer. The debit card company often takes the customer's word over the merchant's and either offers a credit or issues a full refund.Full Answer >
As of 2014, credit and debit cards in the United States usually contain a prominently displayed 16-digit number. In addition to a unique card number, cards contain the bank's logo, the owner's name and the card's expiration date.Full Answer >
To change a debit card PIN number, customers must contact their banking institution by phone or in person, and verify their identities through a series of security questions. Once the customer's identity is verified, he or she will be instructed to enter a new PIN number into a bank keypad or their telephone keypad. There are also some banking institutions that allow their customers to change their debit card PIN number online.Full Answer >
If your debit card has an issue number, it is probably on the front of the debit card to the right of the card number. If a debit card has an issue number, it will be clearly marked as such.Full Answer >