7-10banking-basics

If your card is lost

Explore why contactless payments do not require a PIN for small amounts.

In this lesson

If your card is lost is part of Cards and ATMs. This preview shows how banking-basics connects to everyday family decisions such as earning, saving, spending choices, goals, approvals, or parent-guided money conversations inside Progress Penguin.

Think about this money choice

Imagine this situation: You realise your debit card is missing. You are not sure if it is lost or just at home.

How it works

Contactless payments do not require a PIN for small amounts. A stolen card can be used at shops immediately. The faster you block it, the less exposure you have.

Try a real-life example

Real-life money moment: Your card is stolen at 2pm. You report it at 8pm. In those 6 hours, the thief made 15000 in local currency in contactless transactions (under 5000 in local currency each, no PIN required).

Activity preview

Try one real money action

Open Tasks and submit proof for one task, or open Requests and make a deposit request. Parent approval can happen later.

Quiz preview

If your card is lost or stolen, first step is:

Wait and see

Tell strangers

Wait 24 hours to see if it turns up before reporting it

Block via app or call

You realise your debit card is missing. You are not sure if it is lost or just at home. What is the safest first action?

Wait 24 hours to check if it turns up

Call your bank immediately to temporarily block the card — it can be unblocked if found at home

Only act if you see an unauthorised transaction

Ask friends if they have seen it