If your debit card is stolen, your bank has to return all money that was used or withdrawn to you. Since it is unauthorized use of your funds. Same for credit cards of course. Such money is returned swiftly.

But the more concerning fraud is when you purchase something and don't receive what you should have received from the merchant. Whether it is due to outright fraud or not. In these cases you will also have your money reimbursed by your credit or debit card.

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aydyn 2 hours ago | parent | next [-]

> If your debit card is stolen, your bank has to return all money that was used or withdrawn to you. Since it is unauthorized use of your funds. Same for credit cards of course. Such money is returned swiftly.

This may be what the letter of the law says but this isn't reality. Using debit puts you at greater financial risk.

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xquce an hour ago | parent [-]

“Using debit puts you at a greater financial risk.”

What how? Surely the US populations credit card debt dorf even the global populations debit card fraud numbers. So while my whole family in a combined 200 years of adulthood have indeed lost some 1000 euro total in fraud, it's not thing compared to the average Americans credit card bills.

I'd rather risk the street criminals with my debit than the suit wearing ones with their credit.

	▲	sethhochberg an hour ago \| parent [-]
		My debit card is a direct line to my primary bank account. If something goes wrong there and an attacker gains access, my cash is simply gone. Yes, the bank will perform an investigation and yes they may issue some provisional credits as a bridge, but there's a window of time between the theft and that investigation concluding where my actual cash is not in my account. With a credit card, if the card is compromised, its not my money being stolen - its the card issuer's money from my line of credit, and they were planning on settling up with me when my monthly statement closes. I still have to launch a fraud case with the issuer, but critically, _all of my money is still in my bank account_ and I can continue to pay my other bills and obligations as normal. I think its reasonable to consider giving up that buffer to be additional risk for the debit card approach, setting aside any other advantages or disadvantages between the two.

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alistairSH an hour ago | parent | prev | next [-]

That's what I said... but, that takes time, time for which you don't have access to that cash.

Just a quick Google... Wells Fargo's policy is 10 days to either case resolution OR provisional credit. I assume that's typical for American banks. For somebody living paycheck to paycheck, 10 days is a long time to go without access to what little cash they might have.

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phoronixrly an hour ago | parent | prev [-]

You guys use the debit card linked to your primary bank account??? There's been virtual cards for online shopping for 10+ years now. They're meant to be linked to an empty or low amount bank account. Now with Revolut you can schedule auto top-up to keep this low amount up to date.

Not to mention the per-purchase (online/in-person) limits, mandatory PIN entry, and daily maximums...