When I Lost My ATM Card I Did The Unthinkable

73% of customers who lose their ATM card lose money within 7 days if nothing is done. What I did when I lost my ATM card was indeed unthinkable. Losing an ATM card can be frustrating, especially when you have no idea how to block or restrict access to whoever has it. The worst is the loss that follows. ATM cards are important in our daily lives for financial transactions, withdrawals, making payments even down to shopping online. The best part is, you have access to your money 24/7.

Previously, we discussed the fastest ways to get a Kuda ATM card,  complete Access Bank USSD Codes for mobile transactions and how to sell Pi coins without a wallet address.

However, in this article, we will talk about lost ATM cards, what to do when you lose your ATM card and how to secure your money.

ATM Card – What is Indeed New About Debit Card

ATM card is a portable card used mainly for withdrawals or deposits at the bank. However, this must be done at an ATM or POS machine and with a recognized functional bank. After slotting in your card, you will be asked to input your PIN which is peculiar to you, which would then prompt you with withdrawal, transfer, pay bills, or check balance options.

If I Lost My ATM Card Can Someone Access My Money

When you lose your ATM, someone who has access to it can access your money. This is because the person is now in possession of your card details.  Your ATM Card contains personal details which are linked to your account information. If this falls into the hands of the wrong person, the person can access your money. See complete Access Bank USSD Codes for mobile transactions.

What To  Do When ATM Card Goes Missing

When you lose an ATM card, it is almost impossible not to panic. However, your ATM card can be blocked if you know your account information (account name, account number, PIN, card information, and personal details). The first thing to do is, block the ATM Card so that your money is secured. However, below are the things you can do to keep your money safe. See the top 3 Banks that offer student loans in Nigeria.

How To Block A Missing ATM Card

When I lost my ATM card lots of thought came to my mind but among all, the options below are the best to apply. Any of them does the work perfectly well.

Block ATM cards through the mobile app

You can block your lost ATM card by simply logging into your account on your mobile app, going to the card management section, and following the information on how to block your stolen card. This is one of the fastest ways to block a missing ATM card. See how to download the Opay app for all devices. You may also wish to see bank login errors.

Block Debit Card through SMS

If you do use USSD for transactions then you can block your lost ATM card via SMS. This can be done in less than a minute if you know your bank code. Although not all banks have provided this code, the majority of banks in Nigeria have codes for blocking your ATM Some banks would ask you to send ‘BLOCK’ to a number, ‘CARD ATM OFF’, and in some cases, you would input a code that would prompt you to fill in your account information. When your card has been blocked, you will receive a notification via SMS that you have successfully blocked your A.T.M. It is important to use the phone number registered with the bank when doing this.

Contacting Your Bank

A customer care representative is available whenever you want to block your ATM card. You can contact them for free to assist you block your card. You will be asked to provide your account information which would be necessary for proper identification. After this, you would be notified through your registered e-mail or an SMS would be sent to the line you registered with.

Visit the Nearest Bank Branch to Block the ATM Card

This one may take up your time, but it is also effective. You will need to visit the bank branch closest to you to lay your complaint at the customer service centre, they will, in turn, ask you some questions and further ask you to provide your account information. When your card has been blocked, you will receive an SMS notification too.

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 When to block a Missing ATM card

1. When you misplace your card; it is important to block your ATM card when misplaced because it may become a dangerous tool in the hands of the wrong person. Especially, if you misplaced it in a public place or around people that you do not trust.
2. When someone steals your card; this case requires urgency because the person who stole it has an ulterior motive and can misuse the money in your account leaving no trace.
3. If there are multiple withdrawals you did not make; this can be very dangerous as the person has access to your account either by your A.T.M or B.V.N.
4. Illegal online payments; This can happen as a result of shopping on sites that have saved your card information and now have access to your card information. Fraudulent people may have used your card information to shop online so they can defraud you without being caught.
5. Your bank may alert you of failed PIN changes or alert of withdrawals that did not go through. When you get such notifications from your bank, it is important to block your ATM.

When you successfully block your card, it becomes useless in the hands of the wrong person as the card cannot be used to make withdrawals, payments or send money. It is important to know that your bank can block your ATM when there is a security breach or they suspect fraudulent activities on the account. This is done so that your account information is kept safe.

Frequently Asked Questions

What happens if an ATM Card is missing?