Victory State Bank Suggests Consumers Know How to Minimize Liability When a Credit Card is Lost or Stolen


Victory State Bank Suggests Consumers Know How to Minimize Liability When a Credit Card is Lost or Stolen


STATEN ISLAND – Has your credit card ever been lost or stolen? Victory State Bank urges cardholders to know how to minimize their liability.

If your card is used without your permission, you can be held responsible for up to $50 per card. If you report the loss before the card is used, you can’t be held responsible for any unauthorized charges.

To minimize your liability, the Federal Trade Commission (FTC) suggests you report the loss as soon as possible. Some issuers have 24-hour toll-free telephone numbers to accept emergency information.

It’s a good idea to follow-up with a letter to the issuer; include your account number, the date you noticed your card missing, and the date you reported the loss.

The FTC also suggests you keep a record — in a safe place separate from your cards — of your account numbers, expiration dates, and the telephone numbers of each card issuer so you can report a loss quickly.

About Victory State Bank:

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com.

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