What Activity Will Continue when I Lock my Account (2024)

FAQs

What Activity Will Continue when I Lock my Account? ›

It allows you to freeze your card or account temporarily and block further charges. Locking will typically prevent new transactions but leave automatic payments, such as bills, bank fees, and subscriptions, enabled.

Card Lock blocks the card number, so it will prevent the fraudster from using the card's information, even online.

When you place a lock on your debit or ATM card via Online or Mobile Banking, it will prevent most types of card transactions from being processed until you take action to unlock your card. Any virtual cards linked to the locked card will also be locked.

If the transaction has already been authorized it will still clear, regardless of if you freeze or lock your card. Locking your card will only affect future transactions authorizing and posting.

Some activity will continue to be allowed such as debit transactions that you authorized before you locked your account, monthly maintenance fees, transactions crediting your account, ACH debit transactions that use your account and routing number (i.e. Direct Deposit), recurring bill payments, mobile check deposit, ...

Locking your card means that all new purchases, cash advances, or other transactions, either online or in person, will be declined. Any interest or annual fees that apply to your account, or payments you make to your account, will still be processed.

When you lock a card, new charges and cash advances will be denied. However, recurring autopayments, such as subscriptions and monthly bills charged to the card, will continue to go through. Typically, so will bank fees, returns, credits, interest and rewards.

If your online banking is locked, there must be a reason. It could be that your balance is negative, and your local branch could tell you what your debits were. It could be that you deposited a check that was no good. Maybe you overdrew your account by not entering an ATM withdrawal.

When a bank account is locked or frozen, you can't withdraw money, transfer money, or access your account during the lockout period. If it's a checking account, you may not be able to use your debit card, either.

The full freeze instantly blocks transactions on your card, including: online and in-person payments made with your card. online and contactless payments using Apple Pay or Google Pay. payments over the phone.

Does blocking transactions stop deposits? ›

Blocking All Transactions also will not block credits to your account, ATM deposits, ATM Now Card loads, ATM payments (including transfers from your deposit accounts to your credit accounts), ATM check cashing, ATM inquiries or ATM account mini statements.

If you lock your Cash App card, all new transactions will be declined. This includes in-store purchases, online purchases, and ATM withdrawals. However, recurring payments and pending transactions will still go through.

If I have a pending transaction when I freeze my card, will the transaction be paid? Yes. Transactions which have already been authorised will clear. It is only from the point that the lock is put in place that a initiated transaction will be declined.

You can still receive deposits into frozen bank accounts, but withdrawals and transfers are not permitted. Banks may freeze bank accounts if they suspect illegal activity such as money laundering, terrorist financing, or writing bad checks.

The account freeze will not allow you to withdraw money in any way, including through ATM machines or automatic payments, by writing a check, or through other transactions. You can still deposit funds but may also lose access to those funds.

Direct deposit (ACH) credits are not typically linked to debit cards, so locking your debit card for spending would have no impact on your direct deposit, or any other deposit activity. There may be situations where you set up direct deposits to a card account that has no underlying checking account.

Don't worry, you can still use your debit card at ATMs and to pay for things. But you'll need to unlock it to use with your card reader in Online Banking.

How do I stop a payment on my debit card? If you wish to cancel a debit card payment, you need to contact the merchant or service provider. If the payment was already processed, you need to dispute the payment with your bank or financial institution.

Yes, if you have the “Send Alerts” setting set to Preferred Transactions, you'll be able to block and unblock specific merchants or types of transactions.