5 ms·

No, it's covered by the FDIC. Banks can offer better protections but at least 48 hours within discovery is mandatory. http://www.fdic.gov/consumers/consumer/new

• carbocation 13y ago
  From your link: > [With a debit card,] "Until the bank provides provisional credit, you could temporarily be out of pocket for the amount in dispute," said Richard Foley, an FDIC attorney who specializes in consumer issues. "This would not typically happen with a credit card because consumers can withhold payment of the amount in dispute." > Also, as discussed on the next page, consumers have better federal protections when they purchase faulty goods with credit cards.