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RichardCoulter · 08-03-2021, 00:17

A consumer advice show has just said that people can be made liable for at least the first £50 that is spent before they report a card as lost or stolen. Apparently, they are "very reasonable about this" {unusually for banks).

However, if they believe that you've been negligent or taken your time to report the loss, this can be more up to the value of the value spent!

Negligent is a very subjective term though. Have you been negligent leaving it unattended somewhere? I would say yes, but have you been negligent by losing it out of your pocket? Not so clear cut.

I suspect a lot of people lie when they report a loss or theft.

08-03-2021, 00:17	#50
RichardCoulter cf.mega poster Join Date: Jan 2008 Posts: 10,067	Re: Contactless cards and the future of cash A consumer advice show has just said that people can be made liable for at least the first £50 that is spent before they report a card as lost or stolen. Apparently, they are "very reasonable about this" {unusually for banks). However, if they believe that you've been negligent or taken your time to report the loss, this can be more up to the value of the value spent! Negligent is a very subjective term though. Have you been negligent leaving it unattended somewhere? I would say yes, but have you been negligent by losing it out of your pocket? Not so clear cut. I suspect a lot of people lie when they report a loss or theft.