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What is our maximum liability in the event of an unauthorized transaction?

April 26, 2017event liability maximum transaction unauthorized

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What is our maximum liability in the event of an unauthorized transaction?

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Ans: In the event of loss of card or fraud, you will need to make a police report and inform the bank immediately. If there weren’t any unauthorized transactions during the period of loss to the report of card loss with the bank, you will not be liable for any costs. Otherwise, the amount of liability will be decided at the discretion of the bank, depending on the circumstances.