Chase Debit Card Target, JPMorgan Chase & Co on Saturday notified customers who used debit cards at Target Corp stores during the recent security breach that it limiting use of the cards to cash withdrawals of $100 a day and purchases totaling $300 a day.
The new limit effects roughly 2 million accounts, or fewer than 10 percent of Chase debit card accounts, according to a bank spokeswoman. It does not apply to credit cards.
The bank spelled out the limits in an email to customers with the subject line: “Unfortunately, your debit card is at risk by the breach at Target stores.”
The bank said it was taking the action as a precaution and recognized that the move “could not have happened at a more inconvenient time.”
Target said on Thursday that computer hackers had stolen data from as many as 40 million credit and debit cards of shoppers who visited its stores during the first three weeks of the holiday season.