If you order something and don't receive it, file a chargeback claim before 60 days has passed. If you later receive the merchandise, tell the credit card company to drop the chargeback claim. A current Clark Howard poll asks consumers which method of payment they use for most purchases. Stop by and let us know your choice. He is still not convinced that banks have it together enough to protect customers in the event of theft of these cards that zap checking accounts.
Banks are still inconsistent with policy that protect the card holder from theft liability.
Visa card member guidelines state that money in accounts will be restored in five days while Bank of America says 10 days. Visa gives no details on what steps a customer takes when faced with bounced checks and excessive fees resulting from fraudulent use. Guidelines say its up to each member bank to decide. As policies waiver, problems still lurk. Be cautious of using a debit card and be sure that you review your checking account statements each and every month for error.