You had $800 in your checking account when your electronic funds transfer system (EFTS) card and personal identification number (PIN) were stolen. You didn't report the theft for 2 months after your periodic statement was mailed. How much could you lose?

Question

Quizplus · Accepted Answer

If you don't report the theft within 60 days after your statement is mailed, you can lose all the money in your account. Therefore, you could lose the full $800 in this scenario.

You Had $800 in Your Checking Account When Your Electronic