Chase puts limits on debit cards used at Target

JPMorgan Chase & Co. Saturday notified customers who used debit cards at Target Corp. stores during the recent security breach that it is 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, according to a bank spokeswoman. It does not apply to credit cards.

The bank spelled out the limits in an email to customers.

Target said 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 three weeks following Thanksgiving.

The bank said that it plans to reissue affected debit cards over the coming weeks, and that in the meantime employees at its 5,600 branches would help those who need more cash. -- Reuters