Debit Cards

Homeowner policies provide up to $500 for unauthorized use of a credit, electronic transfer or debit card.

Federal Law does not treat Debit Cards the same as Credit Cards. This article allays some of those fears. if you go to the website you can review the 25 Institutions alluded to. Below is the FDIC link discussing this issue.

http://www.fdic.gov/consumers/consumer/news/cnfall09/debit_vs_credit.html

At the bottom of the site there is also a connection to 2009 Gift Card comparison Table.

Debit Card Users Now More Protected From Fraud, Study Says

CreditCards.com (11/20/09) ; Leptinsky, Andrea

Debit cards are now on a level playing field with credit cards in terms of fraud protection, according to Javelin Strategy & Research's 2009 Banking Identity Safety Scorecard. The report indicates that all 25 of the largest U.S. banks and credit unions have extended zero-liability protection to PIN, signature, and card-not-present transactions, which Javelin rates as a "major milestone for the industry." The top U.S. banks are additionally offering next-day replacement of stolen or lost debit cards. In the 1970s, the federal Truth in Lending Act law was changed to restrict an individual's liability for fraudulent charges on a credit card to $50, but about 10 years ago issuers started to voluntarily broaden the protection to include the first $50 as the threat of Internet fraud began to discourage consumers from using their cards. "Consumers don't just want to be protected by others, they want involvement in protecting their money and identity," says Javelin president James Van Dyke. "Inventive criminals continually update their methods, and banks must do the same." The Javelin report also notes that almost 90 percent of banks have made third-party security vendors available to customers for online safety, and have partnered with security companies to guarantee the online protection of their services.

Source: CreditCards.comhttp://www.creditcards.com/credit-card-news/zero-liability-debit-cards-1273.php