Skip to main content
  1. News
  2. Top News

Chase debit cards: Lower limits on debit cards after Target security breach

See also

Chase debit card customers are being affected after more than 2 million shoppers used bank debit cards at Target stores during the data breach from Nov. 27 until Dec. 15. Tthose shoppers are now finding they have lower limits on how much cash can be taken out of their teller machines and how much they can spend at stores, according to a Chicago Tribune report on Saturday.

Target: Credit and Debit Card Security Breach puts 40 million Customers at Risk

On Saturday, JPMorgan Chase & Co informed its customers who used Chase-brand debit cards at Target during the security breach that they are limited to only $100 a day of cash withdrawals and $300 per day for purchases on their cards. According to the report, this measure involves approximately 2 million accounts which equates to some 10 percent of Chase debit card owners. Ordinarily, a Chase debit card cardholder’s cash withdrawal limit is from $200 to $500 while the purchase limit is $500.

Chase asserts that its actions are precautionary in an effort to prevent criminals from taking money from customer accounts. Chase, as well as other banks, have said that unauthorized transactions reported by customers will be covered for their customers.

According to Reuters, while other banks such as Citigroup Inc and Bank of America Corp have taken measures to protect their customers’ accounts, none have gone to the extent that Chase has. Other banks have not specified the precautions they have in place at this time.

Target-specific, the store’s Redcard has reportedly enacted a deeper monitoring protocol, and like many of the banks, the new measures have not been specified for the media at this time.

Target stores were basically hacked from Nov. 27 through Dec. 15, 2013, putting persons who swiped their payment cards at Target stores at risk of having their cards duplicated and used via criminal activity. Overall, more than 40 million customers may have been affected.

Target is giving customers a 10% discount on Saturday and Sunday. The discount is not good for all items – such as not being good for gift cards, mobile phones, video games and some other items. The 10% discount is the same that the store’s workers receive, according to Gregg Steinhafel, Target’s chief executive.

Advertisement

News

  • Mt. Everest avalanche
    Disaster strikes Mt. Everest as at least 12 people were killed in an avalanche
    Video
    Watch Video
  • Most Earthlike planet discovered
    The Kepler telescope has discovered the most Earthlike, possibly habitable planet yet
    Space News
  • Easter crosses create debate
    Easter crosses spark a debate of separation of church and state in Ohio
    Headlines
  • Chelsea Clinton is preggers
    Former first daughter Chelsea Clinton is pregnant with her first child
    Headlines
  • Stanley Cup playoffs
    The battle for Lord Stanley's Cup is on, don't miss a minute of playoff action
    Sports
  • Ukraine discussed amongst U.S., E.U., Russia
    The U.S., E.U. and Russia agree on ways to diffuse the tension in Ukraine
    Video
    Watch Video

User login

Log in
Sign in with your email and password. Or reset your password.
Write for us
Interested in becoming an Examiner and sharing your experience and passion? We're always looking for quality writers. Find out more about Examiner.com and apply today!