The Saving Advice Forums - A classic personal finance community.

Does your bank allow you to turn off your debit card?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Nutria
    replied
    Originally posted by disneysteve View Post
    I disagree. If your debit card is compromised, the money is gone from your account. You will ultimately get it back but in the meantime, it's gone. Being able to turn off the card quickly before a criminal can drain your account will save you a huge headache.
    One of the good reasons for using a CC. (But we've mention that before...)

    Leave a comment:


  • disneysteve
    replied
    Originally posted by Drake3287 View Post
    But if you lose or have your credit/ATM card stolen you need to call them ASAP anyway. This turning off feature only limits the amount of money Wellsl Fargo is going to lose from criminals. Does little or nothing for the customer. Your not responsible for illegal charges anyway.
    I disagree. If your debit card is compromised, the money is gone from your account. You will ultimately get it back but in the meantime, it's gone. Being able to turn off the card quickly before a criminal can drain your account will save you a huge headache.

    Leave a comment:


  • Drake3287
    replied
    But if you lose or have your credit/ATM card stolen you need to call them ASAP anyway. This turning off feature only limits the amount of money Wellsl Fargo is going to lose from criminals. Does little or nothing for the customer. Your not responsible for illegal charges anyway.

    Leave a comment:


  • Smallsteps
    replied
    Many of these conveniences start out with one of two banks and then spread. The banks I use do this one just added the option recently. Some companies are first to try others lag behind to see how it is received by consumers.
    I have never had a reason to use so far but I guess if something turned up missing or misplaced it seems like a good idea.

    Leave a comment:


  • QuarterMillionMan
    replied
    I checked Chase and they don't have it, bummer. Maybe it's there and I just could not find it. I will have to look into it.

    And I haven't checked my credit card companies but I'll need to look into it as well. Being able to lock it myself is a good feature which they should have implemented a long time ago which makes common sense.

    Leave a comment:


  • kork13
    replied
    It appears so. My bank (USAA) gives me the option to "block or unblock" a card (credit or debit).

    Leave a comment:


  • Joan.of.the.Arch
    replied
    My credit union facilitates this.

    Leave a comment:


  • disneysteve
    replied
    I just checked and yes, I can go online and lock my card.

    Leave a comment:


  • Does your bank allow you to turn off your debit card?

    As I was driving in Los Angeles today I saw a billboard for Wells Fargo saying, "Lost or misplaced your debit card? Turn it off." When I got home I tried it and sure enough it gives me the option to turn it off. That's ingenious. It beats have to call the 1-800 number. I'm guessing more banks will follow suit if they haven't done so already. Does your bank have that option?
Working...
X