How to Cancel a Lost Debit Card

How to Cancel a Lost Debit Card

In contrast to prepaid cards, they are tied to your account at a bank. This is why it’s crucial to report their theft or loss as soon as you can, advises the Consumer Financial Protection Bureau. If you inform your financial institution within 2 days, your responsibility for unauthorized charges is set at $50. The longer you put off, the higher the risk of losing your funds.