Hello everyone, please I would like to know if there's any cause for alarm if one's ATM card gets lost or stolen. If it falls into the wrong hands, can they use it to get access to your money without having the password?

PS: I didn't lost my card and I also know it's better to block it immediately if it gets lost, but please I just need to be enlightened. Thanks.

Lalasticlala, Mynd44, Seun, Dominique

Not possible... Gone are those days.. infact some people even think you get access to someone's with just bvn.. gone are the days when you can even wax a person's atm chip, slot it in and enter 0000 as password and it works... Technology has improved..

Anskid:
Hello everyone, please I would like to know if there's any cause for alarm if one's ATM card gets lost or stolen. If it falls into the wrong hands, can they use it to get access to your money without having the password?

PS: I didn't lost my card and I also know it's better to block it immediately if it gets lost, but please I just need to be enlightened. Thanks.

Lalasticlala, Mynd44, Seun, Dominique

If your phone and line is with the thief, he or she can get otp and buy things online with it

KingAzubuike:
Not possible... Gone are those days.. infact some people even think you get access to someone's with just bvn.. gone are the days when you can even wax a person's atm chip, slot it in and enter 0000 as password and it works... Technology has improved..

Wow but what about those scammers who call disguised as bank staff, and only need the numbers on the front and the 4 digits at the back of your card?

Anskid:




Wow but what about those scammers who call disguised as bank staff, and only need the numbers on the front and the 4 digits at the back of your card?

Yeah but they can't still do any transaction unless they get an OTP.

Niyeal:


If your phone and line is with the thief, he or she can get otp and buy things online with it

So without the phone or sim, the card is entirely useless to them?

KingAzubuike:
Yeah but they can't still do any transaction unless they get an OTP.

Oh and they would need you to send the OTP to them.. Now I understand

Anskid:



So without the phone or sim, the card is entirely useless to them?

yes

Not all banking transaction online need OTP. If you use sportybet too u don't need OTP to pay into the betting account

Niyeal:


If your phone and line is with the thief, he or she can get otp and buy things online with it

can you get otp buying things online without ATM pin??

Fisfrank:
Not all banking transaction online need OTP. If you use sportybet too u don't need OTP to pay into the betting account

That means your account can be accessed with only your card details?

Anskid:
Hello everyone, please I would like to know if there's any cause for alarm if one's ATM card gets lost or stolen. If it falls into the wrong hands, can they use it to get access to your money without having the password?

PS: I didn't lost my card and I also know it's better to block it immediately if it gets lost, but please I just need to be enlightened. Thanks.

Lalasticlala, Mynd44, Seun, Dominique

Don't mind those arguing up there.
Fraudsters can wipe your account clean with your ATM.
They don't need your pin, OTP or token.

Any card that is stolen or you can't find should be blocked to avoid crying later.

Anskid:



That means your account can be accessed with only your card details?

Yes. Especially using pos is not save too.

Xisnin:

Don't mind those arguing up there.
Fraudsters can wipe your account clean with your ATM.
They don't need your pin, OTP or token.

Any card that is stolen or you can't find should be blocked to avoid crying later.

Thanks so much for this information.

Even Aliexpress doesn't require OTP for transaction. So many platforms doesn't require OTP before you can complete a transaction on the card. Just block the card to avoid story that touches the heart op

shayubobo:
Even Aliexpress doesn't require OTP for transaction. So many platforms doesn't require OTP before you can complete a transaction on the card. Just block the card to avoid story that touches the heart op

Alright. Thanks

I lost my wallet on a certain Friday with my bank cards in it, by Sunday both accounts were cleaned out.

Anskid:
Hello everyone, please I would like to know if there's any cause for alarm if one's ATM card gets lost or stolen. If it falls into the wrong hands, can they use it to get access to your money without having the password?

PS: I didn't lost my card and I also know it's better to block it immediately if it gets lost, but please I just need to be enlightened. Thanks.

Lalasticlala, Mynd44, Seun, Dominique

Anyone who has your atm card can, and i repeat can buy things online without the needing your password or pin sef.

Bank will debit u in micro-seconds.

But this is applicable to Master cards (Naira or dollar) or Visa cards.

Now, lemme give u an example.

I have a naira master card and i do buy a particular service every month which is $10 and i've been doing that for over 1 year.

The only thing needed are the name(s) on the card, address and the nos on the front and back side.

Once i enter those, they debit me and listen: They will not send OTP or ask for token or password or pin or anything.

You shall be debited directly if you lose your atm card (master/visa) so keep it safe and if its lost, block it immediately!

If u need further clarification, quote me

If I may ask why carrying your atm card on your wallet every time? Mine never leave my house except if I want to withdraw money and once am done I return it back home if am close or at worst when I get home I remove it and keep, it's a matter of planning your days well and know when you need to use it or not, but some people made it a habit of moving around with their atm always in their wallet to them I don't say sorry anytime they fall victim

dubra:
If I may ask why carrying your atm card on your wallet every time? Mine never leave my house except if I want to withdraw money and once am done I return it back home if am close or at worst when I get home I remove it and keep, it's a matter of planning your days well and know when you need to use it or not, but some people made it a habit of moving around with their atm always in their wallet to them I don't say sorry anytime they fall victim

Mine too is always at home until I received 3 alert of 15k that I ordered for bolt/taxify, whereas i'm at Foursquare camp in ajebo ogun state. And it was done in Lagos. The best is always use ATM machine POS is not safe except you know the person very well. Ever since then I stop using the account and block all my ATMs except for that one incase I want to withdraw, I send the little amount I want to withdraw and withdraw immediately. It even GTB ooo....... My neighbor too I'm the one that do help him do transfers he only use POS cause of where he works they debited 12k from his account at mid night he went to report they blocked it gave him another ATM after 2wks they deducted 25k from his account again midnight too ooo same GTB. So please mind they way you use POS.