The method includes formally deactivating a fee card linked on to a person’s checking account. This motion prevents additional transactions utilizing that particular card quantity. For instance, if a card is misplaced or stolen, deactivation halts any unauthorized spending.
This course of safeguards monetary belongings and minimizes potential losses ensuing from fraudulent exercise. Traditionally, stopping unauthorized entry to funds required bodily visits to banking establishments; present strategies supply sooner decision and decreased threat publicity.