Keeping a cool head is hard in a crisis, but it could save you both time and money if your debit card goes missing.
Whether you are at home or out and about, there is nothing quite like that sinking feeling that comes with finding your debit card is gone.
Once the realisation hits, however, there are two main responses people have…The first is to search high and low for the card, while the second is to notify the bank and cancel the card.
But which of these options is better?
While it may be a hassle to be without a debit card for a few days, contacting your bank straight away is the safest option.
The bank can then cancel the card and issue you with a new one, which will generally arrive within seven working days.
But more importantly, contacting your bank straight away reduces the risk of fraud if your card has ended up in the wrong hands.
What If You Find The Card?
In some cases it may simply be that you accidentally left your debit card at the checkout or misplaced it in your wallet.
If you have already contacted your bank for a new card, you can try calling to cancel the request, though they may have already begun processing it.
Ultimately your judgement will help you deal with this situation appropriately. If you think it is likely that you have misplaced your debit card, then you may want to trace your steps before calling your bank.
But if you think it is gone for good, or believe that it is better to be safe than sorry, cancelling the card straight away is the best option.
While a lost or stolen card can lead to stress and inconvenience, it is important to remember that the bank will keep your money safe.
By approaching the situation as calmly as possible, you should be able to get a new debit card quickly and keep all your money where it belongs.