There are many reasons why individuals cancel their debit cards. One of the most common reasons is to avoid losing all of their money without their permission, especially in the case of loss or theft. Debit cards are payment cards that allow the fast, secure, and easy purchase of goods and services electronically. A debit card is also called an ATM card. It allows for daily instant withdrawal of the holder’s cash at request. Let us know Can You Uncancel a Debit Card?
Can you uncancel a debit card? No, you can not. To uncancel a debit card means that the debit card has been deactivated and wants to be used again. However, banks do not uncancel a debit card once it is canceled. If the canceled debit card was stolen, the impersonator is likely to use
the stolen debit card to steal the owner’s personal information. Therefore, as a good practice to keep the owner safe, the bank would instead deactivate the stolen card and issue a replacement. This replacement should take approximately seven working days.
Steps To Cancelling A Debit Card
It is safe and wise to immediately cancel your debit card when you discover it is missing or stolen. To successfully deactivate your debit card and prevent future withdrawals and transactions without your approval, do these:
1. Alarm Your bank
Do not waste time in alarming your bank as soon as you notice your debit card can not be found. When you inform your bank, you have two options. You can either request to freeze your account temporarily while you search around your house or cancel your card entirely if you’re sure it was stolen. If you find your debit card again after it has been frozen, you can then contact your bank to unfreeze your debit card and make purchases again.
2. Go Through Your Bank App.
Major banks have features that allow users to monitor their online transaction activities. Keep an eye out on your bank app and report suspicious withdrawals or transactions to the appropriate authority in your bank.
Some banks may require you to write a formal letter stating the date and time the card got stolen. Do not hesitate to give the data as it will help the bank to know the right approach to take towards protecting your information.
3. Cancel Every Automatic Online Payment
Another step further to take is to cancel your online payment on sites like Amazon, Google, Spotify, and others. You can also change your login details while the bank finds a way to resolve the issue.
Conclusion
Debit cards have come to stay. Banks, merchants, companies, and individuals generally accept debit cards for all business transactions anywhere in the world. Debit cards are plastic cards that have been programmed in such a way that they link the holder’s money to the details on the card. With the card details, anyone aside the owner can have access to the money and make a withdrawal.
Frequently Asked Questions
1. Can I use online banking if I cancel my debit card?
Yes, you can. The way to go about this is to visit your bank and ask for a replacement of your canceled debit card. Some banks may require you pay a small fee for the replacement, while others may not. After you’ve gotten a replacement, ensure that you do not use the previous PIN; instead, create a new PIN as you would need your credit card PIN and card number to bank online.
2. How to find a lost debit card in your house?
Conduct a thorough search around the house. Retrace back to where you last saw your debit card and keep searching. During this process, ensure that you contact your bank to freeze your debit card if it’s not found. You can always contact your bank to unfreeze your debit card when it is found.
3. What to do if you lose your debit card
The first thing to do is report to the bank and follow the instructions given. Do not panic. Also, do not search for your debit card in hopes of finding it first before reporting to the bank. This may crash your account, and you may lose all of your money. Report to the bank, withdraw your card details from online payments, and keep in touch with your bank as they monitor your account.
4. Can you reactivate a canceled debit card from Bank of America?
Bank of America will only issue a new debit card if the previous card was canceled. It can’t be reactivated. In addition, Bank of America provides you with the option to lock and unlock your debit card if it goes missing. To lock your debit card, go through your Mobile Banking app and turn it on to prevent unapproved transactions. When it’s found, turn it off.
