BANKING AFFAIRS

Detailed explanation-1: -When you find out that your credit card has been lost or stolen, call your bank to report the loss. You can also block your card from your online banking app or via net banking. The bank will cancel the card and send you a new card with a new account number, expiration date, and security code.

Detailed explanation-2: -Call your credit card issuer Call your credit card issuer immediately to report the loss or theft of your missing card. Typically, you would check the back of the card for the telephone number to call.

Detailed explanation-3: -Call-or get on the mobile app-and report the loss or theft to the bank or credit union that issued the card as soon as possible. Federal law says you’re not responsible to pay for charges or withdrawals made without your permission if they happen after you report the loss. It’s important to act fast.

Detailed explanation-4: -When you speak to a representative, tell them that your account was compromised and list the fraudulent transactions. The bank will cancel the card (this doesn’t mean your account is closed) and mail you a new card with a new account number, expiration date and security code.