Your losses from a stolen ATM card are unlimited if you fail to report unauthorized use within 30 days after your statement is mailed to you.

Question

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The losses from a stolen ATM card are limited to $50 as long as you report the unauthorized use within 2 business days. If you report it within 60 days, you are liable for up to $500. If you fail to report it within 60 days, you could be liable for unlimited losses.

Your Losses from a Stolen ATM Card Are Unlimited If