No Customer Liability For ATM Cards

Seafirst Bank in Seattle is advertising the fact that it will cover ANY unauthorized transactions on their debit and ATM cards.

Under Regulation E, customers are liable from $50 up to $500 loss for a card that is not reported lost or stolen within a specified time.

Copyright © 1997 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 7, No. 9, 8/97