If a customer's ATM card is lost or stolen, the customer must notify the bank within ________; if that is done, the customer is then liable for only the first ________ stolen.

Question

Quizplus · Accepted Answer

Under most banking regulations, including the Electronic Fund Transfer Act in the United States, if a customer notifies the bank within two business days after learning of the loss or theft of their ATM card, the customer's liability for unauthorized transactions is limited to $50.

If a Customer's ATM Card Is Lost or Stolen, the Customer