ATM cum debit card can help you pick up money not only from ATM but also buying online at the same time. We keep this card for ourselves, but sometimes the ATM card is lost if there is a problem. You can also take money from your account by misusing it.
You can be cheated if an ATM card is reached in the wrong hands. The amount of your hard earned money in the bank can disappear within a second. Therefore, this work should be done immediately to avoid fraud with you if the ATM card is lost.
Let the card be blocked:
If you find out that your card is lost, then first block it. For this you can call your bank’s customer care. Here you will get the option to block the card. Apart from this, some banks also offer separate hotline numbers for blocking the card. Keep track of the bank card you have. Doing so will not misuse your card.
Getting a debit card allows you to start paying with plastic instead of cash or check. Debit cards are simply cards linked to a pool of available funds (money in your checking account, or a balance that you’ve loaded onto a prepaid card, for example).
These cards are useful because, unlike credit cards, they only allow you to spend money that you have. Also, debit cards make spending easy – you can just swipe to pay, and you’ve got an electronic record of every transaction to help you track your spending.
Get a Debit Card from the Bank
Bank debit cards are traditional debit cards. Getting one is typically as easy as opening a checking account and letting the bank know that you want a debit card at some point during the account-opening process. In some cases, you’ll get one whether or not you ask.
Your debit card is linked to funds in your account. That means you can only spend as much as you have. Trying to spend more will result in your card getting declined, or (if depending on your bank and any options you selected when opening the account) the bank may “lend” you the money or transfer it from a linked savings account. However, that can get expensive if you pay overdraft fees each time.
Debit cards may arrive by mail because they must be printed and customized with your account information, but some banks and credit unions have printers on-site.
Once you get your debit card, you can use it as if it was a credit card. With only a few exceptions, nobody cares whether your card is a debit card or credit card. Debit cards can also be used to get cash at automatic teller machines (ATMs).
Prepaid debit cards are available, and they draw from money that you have “loaded” onto the card instead of drawing from your bank account. Some cards can be reloaded, while others only allow you to spend the card’s stored value once and then you’re done. Prepaid debit cards are increasingly becoming an alternative to using bank accounts (for people who can’t or won’t get a bank account). You can get these debit cards online or at retail outlets.
