Originally Posted by
biggestbopper
IMHO, not so. ATM card transactions are not protected under the Fair Credit Billing Act--only credit card transactions. So, you have no billing error dispute protections with ATM card.
I think the poster was comparing debit cards (Visa/MC branded) with pure ATM cards. Pure ATM cards can only be used in PIN-based transactions.
There are banking rules that apply to fraud with debit and ATM cards. Mastercard and Visa have also voluntarily extended zero liability to their branded 'check cards'. However, the concern with using a debit card is valid in that it is easy for money to be quickly withdrawn/spent from your checking account. Yeah, you get it back, but....