Target breach leads Chase bank to limit debit users
Just in time for last-minute holiday shopping, some Chase debit card users found out the bank put limits Saturday on their accounts, due to the Target security breach.
JP Morgan Chase sent email notification Saturday to customers who had used their Chase cards to buy things from Target Nov. 27 to Dec. 15, when Target's payment system was hacked and account information was stolen.
In the United States, debit card users will be limited to withdrawals of $100 a day from an ATM, according to the email. Debit and Liquid reloadable-debit card users will be limited to purchases totaling $300 a day.
Those using their debit cards outside the United States will not be able to withdraw cash from ATMs.
The limits will be in place until Chase can replace the customers' cards, which it is doing automatically.
To help customers, some Chase bank branches will be open today, the statement said. It directed customers to use the branch locator on the website to find an open branch.
"We realize this could not have happened at a more inconvenient time with the holiday season upon us," the statement read.
Customers who need more cash than they can withdraw were instructed to visit a bank branch and present photo identification to withdraw money.
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