Skip to content

Debit/Credit Card - Higher Limit Liability

Answered by: 

This question is in regard to the daily limits we place on both Consumer and Business Debit Cards. I'm looking for something that states whether or not the cardholder is responsible for requesting a higher limit. I want to know if we can state to the cardholder that they will be held liable for requesting their limit be raised higher than what we have as standard should the card be lost/stolen.

Sorry, but that idea won't work. Regardless of who suggests a higher cash limit, the customer's federal (and state, if any) protections remain the same, and don't forget that the bank certainly has the ability to refuse the higher limit.

First published on 8/14/06

First published on 08/14/2006

Filed under: 
Filed under technology as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics