My debit card has a contactless pad. I think there’s a transaction limit on it of a few hundred dollars, but someone could very easily tap it and drain my account if that was all I had.
But even that misses the point: not everybody has the means to wait 5-7 days for their bank to mail them a replacement card, even if no money is actually taken from the account. This is compounded when you consider that most of the companies that offer cheap banking accounts don’t have great branch service.
But even that misses the point: not everybody has the means to wait 5-7 days for their bank to mail them a replacement card, even if no money is actually taken from the account. This is compounded when you consider that most of the companies that offer cheap banking accounts don’t have great branch service.