Published December 22, 2013
Just in time for the final, frenzied days of the Christmas shopping season, Chase announced Saturday that it was putting temporary restrictions on debit cards affected by Target's security breach.
The bank reached out to approximately 2 million affected debit card members by e-mail and said they would be limited to a maximum of $100 in cash withdrawals and $300 in purchases per day. The e-mail also said that customers were not liable for unauthorized transactions reported to Chase and that affected members traveling overseas would not be able to access cash at an ATM.
Less than 10 percent of Chase customers are affected, spokeswoman Kristin Lemkau told the Associated Press.
The limits will be in place until Chase replaces the cards. Chase credit cards are not restricted.
Target on Thursday said data connected to about 40 million credit and debit card accounts was stolen as part of a breach that began over the Thanksgiving weekend and continued through December 15. The stolen data included customer names, credit and debit card numbers, card expiration dates and the embedded code on the magnetic strip found on the backs of cards.
Target announced Friday that all shoppers at its stores this weekend would receive a 10 percent discount on all items.
"We recognize this has been confusing and disruptive during an already busy holiday season," Target CEO Gregg Steinhafel said in a statement. "Our guests' trust is our top priority at Target and we are committed to making this right."
The Associated Press contributed to this report.