When are new debit cards sent by banks?

When are new debit cards sent by banks?

Debit cards have become an essential part of our daily lives, allowing us to make purchases and withdraw cash without the need for cash. Many of us rely on debit cards for our daily expenses, and we feel the need to have a new card in case of loss or damage. But when can we expect to receive a new debit card from our bank? In this article, we will explore the answer to this question in detail.

Banks send new debit cards for various reasons, such as expiration, loss, or damage. The timing of when a new debit card is sent depends on the reason for issuing it. Let's take a closer look at each reason.

Expiration

Debit cards have an expiration date, which is typically printed on the front of the card. Banks usually send out new debit cards a few weeks before the old one expires. This ensures that you have a new card ready to use when the old one expires.

Loss or theft

If your debit card is lost or stolen, you should report it to your bank immediately. In such cases, the bank will cancel your old card and issue a new one. The time it takes for the bank to send you a new card can vary, but it is usually within 7-10 business days.

Damage

If your debit card is damaged, you can request a new one from your bank. The time it takes for the bank to send you a new card can vary, but it is usually within 7-10 business days. However, if you need a new card urgently, you can visit your bank branch and request an instant issue card. This is a new card that is issued immediately, and you can start using it right away.

Tips for getting a new debit card

If you need a new debit card, there are a few things you can do to speed up the process. Firstly, make sure that your bank has your up-to-date contact information, including your address, phone number, and email address. This will ensure that the bank can send your new card to the right address and keep you updated on the status of your request.

Secondly, if you need a new card urgently, consider visiting your bank branch and requesting an instant issue card. This is especially useful if you need to make purchases or withdraw cash immediately.

Finally, if you are planning to travel abroad, make sure you have abackup debit cardin case your primary card is lost or stolen. This will ensure that you have access to cash and can make purchases while you are away.

Conclusion

In conclusion, the timing of when a new debit card is sent by banks depends on the reason for issuing it. If your card is expiring, you can expect to receive a new one a few weeks before the old one expires. If your card is lost, stolen, or damaged, the bank will issue a new one within 7-10 business days. By keeping your contact information up-to-date and having a backup card, you can ensure that you are always prepared.