New Buffalo Savings Bank with offices in New Buffalo, Sawyer and Three Oaks, Michigan, serves all of Harbor Country.
What is your liability of your CheckCard, ATM Card or Credit Card is lost or stolen?
If your card is stolen call: MasterCard Check Card 800-554-8969, VISA 800-558-3424
PREVENTION:
Protect your pin.
Protect your cards.
Carry with you only those cards to plan to use.
Always review your bank statements for unfamiliar transactions and withdrawals.
If you bank online, keep a close eye on your accounts.
If you discover unauthorized use, report it immediately to your financial institution.
Electronic Funds Transfer Act (EFTA)
Your liability under federal law concerning unauthorized use of your ATM or CheckCard depends on how quickly you report the loss.
If you report your ATM/CheckCard missing before it is used without your permission, the EFTA states the card issuer cannot hold you responsible for any unauthorized transfers.
If you report your ATM/CheckCard missing within two business days, you will not be held responsible for more than $50 of the unauthorized use.
If you report your ATM/CheckCard missing after the two day period, you may lose up to $500 because of an unauthorized use.
If you do not report your ATM/CheckCard missing within 60 days of your first bank statement showing unauthorized usage, you could risk unlimited loss. You could lose all the funds in your account and any unused funds from any account linked to Overdraft Protection.
For unauthorized transfers using only your CheckCard number, not the card, you are only liable for transfers that occur after 60 days from the time your bank issues the statement reflecting the unauthorized use and before you report it.
Fair Credit Billing Act (FCBA)
Your maximum liability under Federal Law for unauthorized use of your credit card is $50.
If the loss of the credit card is reported before it is used, the FCBA says the card issuer cannot hold you responsible for any unauthorized charges.
If the there are unauthorized charges on the credit card before you report it the most you will owe is $50 per card.
If only your credit card account number is used, not the card, you have no liability for unauthorized use.
Providing banking services to New Buffalo, Three Oaks, Sawyer, New Troy, Michiana, Union Pier, Lakeside, Harbert, Grand Beach, Bridgman, Harbor Country Michigan, and NW Indiana.