how to cancel a debit card

To cancel a debit card if it’s lost or stolen, you’ll need to get in touch with your bank.
Some banking apps allow you to turn off your debit card, but you should still contact the bank to get a replacement card if your card is missing.
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If your debit card is lost or stolen, you’ll want to cancel it ASAP.

That’s because the rules for debit cards and credit cards are not the same. While you’re rarely liable for any fraudulent charges made on a credit card, your liability with a debit card depends on when you report the card missing; if the charges are made before you report it, you might end up being responsible for some or all of them — up to $50 if reported within two business days and up to $500 up to 60 calendar days.

You might also cancel a debit card if you’re switching banks, but in that case you’ll be closing your entire account and your debit card along with it.

How to cancel a debit card
1. Check your bank app

Many banks offer apps that do more than just help you complete mobile check deposits and monitor your transactions. …read more


Source:: Businessinsider – Finance

      

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