Is the ATM card out of money locked?If the balance in the current account is below the required minimum limit of 50,000 VND, the card and bank account will be blocked. This question is posed by many new customers using ATM cards. And are very worried that when there is no money in the ATM card, will the bank be locked?
Is the ATM card out of money locked?
There are many types of ATM cards, but the most common are prepaid cards. Customers who own this type of card can use the card to transfer money, withdraw money, inquire about accounts, etc. There is also the function of keeping money in the account. But what if there is no money in the ATM card? Whether Is the ATM card out of money locked??
Your bank account will not be locked when there is no money in the account. The account will remain active for about 12 months. But after 12 months, if the account has insufficient balance and no transactions arise. At that time, the bank will temporarily lock the account to ensure the safety of the customer.
Is a bank account under 50k locked?
If the bank account has a limit below the minimum balance of 50,000 VND. At this time, the service fees will not be able to be paid, so when there is not enough fee, the utilities will be automatically canceled. However, cards and bank accounts are also not locked. The amount of the account management fee and the card's annual fee will still be negative. When the customer tops up the account, the system will automatically deduct the corresponding service fee amount.
In any case, the ATM card is locked
An ATM card that runs out of money will not be blocked from your bank account, but in the following cases, your ATM card will definitely be blocked if you have one.
- Entering the wrong ATM card PIN 3 times in a row will lead to the activation of the card's protection feature, which will automatically lock it.
- ATM cards have expired, usually the validity of the card will be from 3 to 5 years. After this time, the cardholder will have the card renewed, otherwise the card will be locked.
- The ATM card is blocked because the annual fee has not been paid.
- The card has not been used for a long time and the bank will lock it one way.
- The card is locked by the client's request.
- Errors due to the bank or detecting suspicious transactions and having to lock accounts and cards.
What to do if the ATM card is locked?
If your ATM card is currently locked and cannot be transacted. To be able to continue the transaction quickly, it is necessary to take steps to unlock the locked ATM card at the bank's transaction office.
Step 1: Bring your identification to the bank branch that issued the card.
Step 2: Notify the bank staff that the card is locked and request to reactivate the card.
Step 3: Give your ID/CCCD to the teller to confirm and fill in the requested personal information on the paper.
Step 4: After having all the required information, the bank will reactivate the card for you.
Epilogue
The absence of money in the ATM card account will not block the card. So customers can use it with peace of mind, but please note that if you do not transact for a long time or do not pay the annual fee, the card will be canceled. If you have other questions, please leave a comment for Thongtinbank and don't forget to leave a like.
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