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Chase limits debit cards used at Target stores

Saturday, December 21, 2013 - 00:45

JPMorgan Chase told some 2 million customers it's limiting their daily withdrawals and purchases as a precaution following the vast data breach at Target stores. Mana Rabiee reports.

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Some 2 million JP Morgan Chase debit card customers will have tighter daily limits placed on their purchases. The bank told customers who used its debit cards at Target stores recently it's limiting cash withdrawals to just $100 a day and limiting daily purchases to $300. It's happening just when customers are gearing up for last minute holiday shopping. It's all because of the recent data theft at Target stores across the country. The retailer said earlier 40 million credit and debit card accounts may have been compromised by hackers. JP Morgan Chase says the new temporary measures are a just a precaution and effect fewer than 10 percent of its debit card accounts. The limits don't apply to Chase credit cards.

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Chase limits debit cards used at Target stores

Saturday, December 21, 2013 - 00:45