Locking your debit card will prevent new purchases, but recurring transactions and scheduled bill payments will still go through.
Locking your debit card will prevent transactions with your debit card until you unlock it. Keep in mind that this won't prevent automatic bill payments or other scheduled transfers from occurring.
When Should you use Card Lock? If you misplaced your card, and can't find it, lock your card to prevent new purchases until you find it. Your card will be locked until you choose to unlock it, so if you give up looking for the card, report it Lost/Stolen and we'll reissue you a new card.
For debit cards, turning off your card will not stop transactions using other cards linked to your deposit account. For credit cards, turning off your card will turn off all cards associated with your credit card account.
Card freezes depend on how and when payments are processed. Some payments are processed instantly and others, like some public transport services or online retailers, are processed later. If you turn on your Card freeze before the payment is processed, the transaction may be stopped.
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.
You can stop a pending debit card transaction by contacting the merchant and canceling the purchase. Or you can try contacting your bank if you don't recognize the transaction, you suspect fraud is involved, or the merchant is unresponsive.
Pause is a simple way to block or unblock your card, straight from your computer, smartphone, or mobile app. Once you Pause a card, all transactions will be declined until you choose to UnPause it. It's your first line of defense until you have confirmed that your card has been lost or stolen.
When you turn the card off, it's immediately locked and new purchases, cash advances and balance transfers are blocked. This way, if the card falls into the wrong hands, fraudulent purchases can be prevented.
Locking your debit card will prevent new purchases, but recurring transactions and scheduled bill payments will still go through.
Paying your bill with that same card means your final charge will most likely replace the block in a day or two. But if you pay that bill with a different card — or with cash or a check — the block may last up to 15 days.
You can block your ATM card when the cards get misplaced, stolen, etc. Banks may also block the ATM cards if they suspect any fraud or card details being leaked or sacrificed to avoid any unauthorized transaction. You can request your bank to block your ATM card in several ways.
When your card is blocked, you cannot make online payments as it will get declined. Also, the card will not be read by the card reader at the ATM or it will not accept the PIN or decline the transaction again. You can confirm if the card is blocked by calling customer care service or at the bank branch.
Can you still transfer money if your card is locked? No, it is not possible to transfer money via your ATM/debit card if it is locked.
When you temporarily misplace your credit or debit card, you can freeze access until you find your card. Once you locate the card, you can unfreeze it in seconds on the mobile app and continue using it as you did before it was frozen.
Call and write your bank or credit union. Tell your bank that you have “revoked authorization” for the company to take automatic payments from your account. Click here for a sample letter . Some banks and credit unions may offer you an online form.
How long do pending transactions take to clear? Most pending charges disappear in around 5 days or less, though some institutions ask cardholders to allow up to 7 days to process charges.
The quickest way to set a stop payment order in motion is to call your bank directly, although you may be able to make a request online or in writing. Some banks may require you to complete a stop payment request form to start the process.
Online Mode
A cardholder can use the mobile app or net banking portal of the card-issuing bank to block the card.
Contact the Vendor
Write to the vendor that's charging your card and request an end to your service or subscription. Ask for a response in writing. Send your letter by certified mail stating that you want no further money taken from your credit card account once any notice of termination period has expired.
Fraudsters can still use your debit card even if they don't have the card itself. They don't even need your PIN—just your card number. If you've used your debit card for an off-line transaction (a transaction without your PIN), your receipt will show your full debit card number.
Remember: Neither a lock or freeze can protect your current accounts from scammers. It can only stop anyone from opening new accounts or lines of credit in your name. To protect your bank account, credit card, and other financial accounts, consider a credit monitoring service.
The bottom line. From a legal perspective, credit cards generally provide more protection against fraudulent activity. But, there are ways to mimic some of these protections with a debit or prepaid card. Deciding which is best for you will help protect your money whether you're spending online or swiping in store.