Fraud insurance for debit cards

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Peace of mind with an insurance specifically tailored to your needs.

 

Benefits

  • Greater security and peace of mind when you use your Banistmo Debit Card.
  • Protection against the risk of being mugged at an ATM.
  • All the different types of coverage are offered by Banistmo.

We offer a comprehensive insurance plan protecting you against fraud, theft and ATM muggings. With this you obtain greater security and peace of mind when you use your Banistmo Debit Card.
 

Debit Card Fraud Insurance Rates
Debit Cards: Retail, Plus, Preferential
Coverage Insured Value Monthly Charge
Fraud or theft $1,000.00 per incident**  
ATM muggings $500.00 $1.50
Card replacement due to theft or mugging (free of charge) Included  
 
Fraud or theft $5,000.00 per incident**  
ATM muggings $500.00 $3.50
Card replacement due to theft or assault (free of charge) Included  
 
Fraud or theft $10,000.00 per incident**  
ATM muggings $500.00 $5.00
Card replacement due to theft or assault (free of charge) Included  
** 2 incidents per client per year/ $50.00 deductible in the event of a claim.
 

Coverage

  • Fraud or theft: cash stolen at an ATM due to fraudulent use of the Banistmo Debit Card or the client´s personal information.
  • ATM muggings: cash stolen at or within a radius of 15 meters of the ATM
  • Card replacement: cash stolen as a result of a mugging.
 

Banistmo shall not be responsible for:

  • Cash stolen due to fraudulent acts or malfeasance on the part of the insured cardholder, his or her family members or persons for whom he or she is liable pursuant to civil law.
  • Cash stolen due to the insured cardholder having given or lent his or her card to a third party.
  • Cash stolen on the part of the insured cardholder´s employees, hired on a full- or part time basis or belonging to temporary manpower agencies, including electronic fraud.
  • Losses due to errors with the Telered system.
  • Losses or damage due to events involving nuclear or atomic energy.
  • International wars, declared or not, acts on the part of foreign enemies, civil war, revolutions, insurgencies, rebellions, invasions, demonstrations and political activities, the use of force by means of terrorist or violent acts, worker strikes, public disturbances or the break-down of law and order as well as any other similar event as well as the measures used to avoid or contain these.
  • Confiscation, requisition or nationalization.
  • Losses due to the theft of the card in conjunction with the corresponding password or Personal Identification Number (PIN) whether the latter was written on the actual card, on a separate piece of paper or any other visible place, and kept within the cardholder´s personal belongings or at his or her home, and this circumstance prompted the fraudulent use of the card for the purpose of withdrawing cash from ATMs.
  • Losses as a result of an act of God.