Until the first () transaction is cancelled by the bank, usually within 48 hours, you wouldn't have access to that amount in your account. Because funds are deducted from your account very quickly, don't expect to have the option to stop payment or obtain a refund.
If the transaction cannot be cancelled, you may be able to work out other arrangements with the store.
Start by reading the disclosures that explain the account terms and fees to understand the potential benefits as well as the costs.
Using a debit card is also easier and faster than writing a check.
It's a good way to pay for purchases without having to pay interest, as you would if using a credit card with an outstanding balance.
But remember that with a debit card, the money tapped by the thief has already been taken out of your account.
Under the EFTA, a bank has 10 business days to investigate the matter (20 business days if your account is new) and report back to you with its results.