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What are my rights regarding unauthorized automatic teller machine (ATM) transactions, debit card transactions, and electronic transactions?

April 26, 2017ATM automatic Debit card Machine Rights teller transactions unauthorized

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What are my rights regarding unauthorized automatic teller machine (ATM) transactions, debit card transactions, and electronic transactions?

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Federal Reserve Regulation E (12 CFR 205) limits a customer’s liability on consumer accounts for unauthorized ATM or debit card transactions to the first $50 withdrawn. Under Colorado consumer protection laws, if the unauthorized use occurs through no fault of the account holder, the account holder will not be held liable for any loss. You are responsible for immediately notifying your bank of any unauthorized transactions.