On Saturday, JP Morgan Chase became the first major bank to place limitations on their customers’ debit cards that were possibly affected by the Target security breach.
Chase placed a daily limit of $300 in purchases and $100 in cash withdrawals on the nearly two million debit cardholders. This is estimated to be about ten percent of Chase debit card customers.
Today, Chase raised those limits to $1,000 in transactions and $250 in cash withdrawals, according to a statement by the bank.
The bank is not placing any limits on their credit cardholders at this time. These limits are in place until cardholders can receive a new debit card.
Chase kept about one-third of its branches open on Sunday to help answer customer questions.
In other news concerning the breach, Target is trying to restore consumer confidence by offering a 10% discount throughout the store to patrons completing their last-minute holiday shopping.
The nationwide retail company has also begun offering free credit monitoring for consumers who may have been affected by the credit card breach.
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