What does Debit Card Hotlisting Mean

We have embraced plastic money and are using debit cards and credit cards for all kinds of transactions. It does make life easier as we don’t have to carry around a wallet full of notes in different denominations. 

But what happens if you lose your debit card? Can you protect your money if you have misplaced your card? 

Read on to know about this.

Debit Card Hotlisting

If you were searching for ‘what is debit card hotlisting means’ or ‘hotlist debit card meaning’, you are at the right place.

Debit card hotlisting means that the card is permanently blocked. The need for this usually arises when someone loses or misplaces their card. Hotlisted cards cannot be used for transactions any more. 

If you misplace your debit card or it happens to get stolen, you need to inform your bank branch immediately. Banks are liable to hotlist your card so that you can be saved from any financial fraud or theft. 

Once a card is hotlisted, you will need to apply for a new card and the bank may charge a minimal amount for the replacement. 

How to Hotlist Debit Card

There are many ways to hotlist your debit card-

• Mobile Banking

You can easily use your bank’s mobile app to hotlist your card and apply for a new one

• By Visiting the Bank Branch

You can easily request the officials at your bank branch to hotlist your card. You can also request a form for a new card, fill it up, and submit it immediately.

• Phone Banking

Most banks have a Toll-free or customer service number for such urgent requests

• SMS Banking

Many banks also allow their customers to hotlist their card by sending an SMS to a particular number

• Netbanking

Nowadays internet banking is used for all kinds of banking services. Most banks allow their customers to hotlist as well as order for a new card through netbanking

Conclusion

If your card has been stolen or you have lost it, make sure to inform your bank at the earliest. The bank is required to protect your account and money from any fraud or theft and to do so, the bank will swiftly hotlist your card. 

You can then apply for a new card, which will be delivered to you in 2-3 working days, depending on your bank.