If a customer loses their ATM card, will they lose money?

Bank ATM cards are practically indispensable for most people when they leave home. However, many people accidentally lose them during use. So, will losing an ATM card result in losing money, and what are the best ways to handle this to protect your assets?

If I lose my ATM card, will I lose my money?

In reality, when you lose your ATM card, the money in your account remains. Only in the worst-case scenario, if someone finds your ATM card and knows your PIN before you block it, can a thief steal the money from your account.

What should I do if I lose my ATM card?

Customers should block their ATM card immediately upon discovering it is lost. (Illustrative image)

Upon discovering a lost ATM card, users must immediately block the card through the bank's app or call the card-issuing bank's customer support hotline, requesting them to temporarily block the ATM card. Once the card is blocked, anyone who finds it, even if they know the password, will not be able to transfer or withdraw money.

If the bank does not provide support over the phone, the cardholder needs to go directly to the nearest bank branch to report the issue and have the card reissued if necessary.

In addition, users can lock their cards at ATMs. Some banks have integrated the feature to lock cards at ATMs, which customers can do by scanning a QR code.

If an ATM card is lost, customers can still withdraw money normally by bringing their citizen identification card to a bank branch. In addition, some banks allow withdrawals at modern ATMs using QR code scanning, OTP (One-Time Password) on their phones, etc.

Lagerstroemia (compilation)

Beneficial
Emotion
Creative
Unique
Wrath

Source: https://vtc.vn/mat-the-atm-khach-co-bi-mat-tien-ar804603.html