A lot of people think that they no longer need to use their debit cards because they have paid off them. But, in reality, you never completely “cancell” a debit card. Anytime you want to add funds to it, you still need to show proof of identification. The good news is that this proof of identification doesn't have to be in the form of a monthly bill. Your debit card's number still doesn't get changed even when you are receiving an updated version from your bank.
Your debit account number doesn't change when you get an upgraded version and you're getting an upgraded version because you reported the old one as stolen or lost. This post might contain affiliate links to things that you consider to be valuable. In this post: tips for making automatic payments on your debit cards.
Tip number one – you should always update your banking details (your bank or the ATM where you got the account) before you apply for a new credit or debit card. This ensures that the payment information you have is correct. If you don't do this, chances are that your bank will, and so will the ATM. You will then be required to present this new card number at the time of your transaction. In some cases, you might not even be accepted for an upgraded version of your old one, which means you'll have to start all over again.
Tip number two – you should always update your CVV, too. Like the banking details mentioned earlier, a CVC is essentially a security code given to you at the time of your original card purchase. It shows that the card was never lost or stolen and that you now have an authorization code to use. If your card expires soon (about six months to a year), you should apply for a new debit card (the same as above).
Tip number three – you should also check your CVV and expiration date regularly. These dates are important to both you and your bank, since they are the ones used to indicate when your credit or debit card expires. In the United States, they are often called expiration dates, while in other countries, they are called “due date” or “due date of action”. The expiry date tells you how many months after your last transaction that your account can no longer accept new cards. For example, if your debit card expires 6 months from the date of purchase, then you do not have access to your account for that long.
Tip number four – you need to avoid fraud transactions, no matter how tempting it might be to reload your account after an expired card. Doing so would likely result in charges for what you didn't purchase – like someone else made a purchase using your debit card. Your best bet is to make sure that you have a PIN, and that you memorize it or have it available to give out when it's needed. You should also avoid ATM-based automatic payments. A reputable ATM provider usually has a feature that will block transactions made using an invalid or fake pin; these types of transactions may also result in higher fees.
Tip number five – you should be very careful with your PIN. It is advised to change it frequently, especially when you intend to use it for transactions that involve money. For example, you should change your PIN every time you buy a product online. It would be useless to have a blank or weak pin number if you're going to make a purchase online. You can protect your PIN by storing it somewhere safe, like in a fire-proof bag or in a drawer at home.
If all this seems like too much work for you to do, there is an easier way to solve this problem. When you get your new credit or debit card, you should immediately remove the old card from your wallet or purse and replace it with a new one. This way, you won't have to remember or write down your PIN. It also helps you avoid forgetting your PIN when you want to make purchases online or when traveling. You can easily transfer your money from one account to another, and it will look as if you never made any transactions with your old card.
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