You had $800 in your checking account when your EFTS card and PIN were stolen. You didn't report the theft for two months after your periodic statement was mailed. How much could you lose?

Question

Quizplus · Accepted Answer

Under the Electronic Fund Transfer Act, if you report the loss or theft of your card more than 60 days after your statement is sent to you, you could lose all the money taken from your account.

You Had $800 in Your Checking Account When Your EFTS