Bank considering limiting debit card spending to $50 or $100 - KMOV.com

Bank considering limiting debit card spending to $50 or $100

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By Lakisha Jackson By Lakisha Jackson

(KMOV)-- Shoppers hoping to use their debit cards could soon see them declined even if they have enough money.


JP Morgan Chase is considering a plan to limit debit purchases to either $50 or $ 100.


This is because the fees the banks charge retailers will be dramatically reduced as part of wall street reform legislation.


Now the banks say they have to limit their exposure to potentially fraudulent charges.

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