JPMorgan Chase Limits Debit Cards Used at Target

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(Courtesy: Target)

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JPMorgan Chase & Co on Saturday notified customers who used their debit cards at Target stores during the recent security breach that it is limiting the use of those cards.

According to the Chicago Tribune, JP Morgan Chase is limiting the debit cards to cash withdrawals of $100 a day and purchases totaling $300 a day.

The restrictions affect around 3 million accounts, which amounts to fewer than 10 percent of Chase debit card accounts.

It does not apply to credit cards.

The bank says the actions taken are precautionary and say that the move “could not have happened at a more inconvenient time,” according to the Chicago Tribune.

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