Under federal law, for unauthorized electronic check conversion, you have 60 days to report these transfers after your bank account statement containing the problem is mailed to you. If you fail to report the unauthorized transfers within this time period, you risk losing all the money in your account and the unused portion of your maximum line of credit for overdrafts. Its also a good idea to report any other unauthorized transfers on your account or problems regarding any loss or theft of your checks immediately.

Contact your financial institution about any additional limits on liability they may offer.

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