Question

Your debit card is stolen, and you report it to your bank within two business days. How much money can you lose at most?

Answer 1

This depends on what the daily limit is for your card.

Usually the theft should be reported right away.

Answer 2

Before any unauthorized charges are made Your maximum loss is $0. Within 2 business days after you learn about the loss or theft Your maximum loss is $50. More than 2 business days after you learn about the loss or theft, but less than 60 calendar days after your statement is sent to you your maximum loss is $500.       So your answer is C. $50