> From: J. van Baardwijk <[EMAIL PROTECTED]> > At 13:48 29-9-01 -0500, The Fool wrote: > > > > It is safe, because cash that is not there can not be stolen. > > > >It is not safe bacause cash that is there can be stolen. So instead of > >geting $50 from your wallet, they can clean out your $2000 checking > >acount. Unlike a CC, that money is gone. > > Over here in The Netherlands, you need to punch in a four-digit code > (PIN-code) when you want to use your debit card. A thief can not use your > card if he does not know the PIN-code. He might try to guess, but after
> three failed attempts the card is taken in by the ATM and not returned. > > When your card is stolen and you report it to the bank, the card is blocked > and becomes useless. > > Of course, there will always be some people who write their PIN-code on > their debit card so they do not have to memorize it... Debit cards can be used as if they were CC's (at least at some places. In fact they even look like CC's. > > > > True, someone might also steal your debit card, but it takes only one > >phone > > > call to the bank to have your card blocked, rendering it useless to the > > > thief. Did you know that every purchase you make with a debit card / CC is put into a database by your bank and sold to the highest bidder?
