Debit cards allow their users to withdraw cash without the need to visit a bank’s branch. It also allows people to conduct online transactions. Credit cards provide short-term unsecured credit to individuals. One can pay bills or purchase goods with the help of a credit card.
However, there is a downside to this as well. Any loss or theft of these cards will risk exposing the bank accounts of users. Thankfully, there are multiple ways to block debit/credit cards.
One can block debit and credit cards via the online or offline mode. Some banks even allow individuals to block a card via SMS or by calling on a toll-free number.
In case of loss or any unauthorised transaction, customers can visit their nearest bank premises and seek bank officials’ assistance to block a debit/credit card.
An individual can also block debit/credit cards through SMS. He/she will just have to send an SMS in a particular format to the number provided by the bank. Once it is successfully sent, the bank will provide a confirmation message.
Individuals can also block their cards by calling on a toll-free phone banking number provided by the bank. There are pre-recorded instructions related to various services.
After selecting the debit/credit card block option, one will have to provide card block details to the assigned customer care executive. Cardholders should be ready for some security questions and answers that will allow the bank to authenticate their identity. Upon completion, a user will receive a card block confirmation.
Here are some reasons why one may choose to block a debit/credit card:
Note that when there are 3 unsuccessful PIN attempts, a debit card is automatically blocked for 24 hours by your bank.
An individual can unblock his/her credit or debit card online as well as offline. One may also choose to unblock a payment card via SMS or phone banking.
To initiate the offline process for unblocking a debit/credit card, individuals can visit the bank branch. Alternatively, one can unblock his/her card by utilising the net banking facility.
Here are some ways in which one can reissue a debit or credit card:
One can visit the bank branch and write an application seeking a reissue of the card. Banks will charge a fee for reissue and send the card to the registered address within a certain period.
So this was all about how you can block your debit or credit card in case it gets stolen or lost.
You can use any of the ways listed above to block your card and save your hard-earned money from being misused. Be it via an offline mode or an online one, just ensure you block your card at the earliest so that it does not get mishandled by a third person.
Disclaimer: This blog is solely for educational purposes. The securities/investments quoted here are not recommendatory.