If you experience bank transfer fraud, the Electronic Fund Transfer Act (EFTA) outlines steps to protect yourself. First, notify your bank immediately, either in person, by phone, or in writing. If your debit card or access device was lost or stolen, report it within 2 business days to limit your liability to $50 for unauthorized transactions. If the fraud appears on your bank statement, you must report it within 60 days to avoid unlimited liability for any further unauthorized transactions that occur after that period. Also, check your credit reports and file a police report.