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Monday, January 9, 2017

Why Do Debit Card Refunds Take Several Days to Appear?



Image result for debit card refund
When you return an item or find a debit-card charge on your account you didn’t authorize, you want the money returned to your bank account immediately. Unfortunately, it doesn’t work that way with debit cards. The Electronic Fund Transfer Act allows banks up to 10 business days to decide whether or not to issue a refund to your bank account. This means funds you’re relying on to pay your bills may be delayed.

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