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How To Secure Your Bank Accounts In The Case Of Theft

How to secure your bank accounts in the case of theft is a big issue because unfortunately, there’s been a rise in insecurity and thefts, and most victims report having their phones which hold valuable information like their banking apps stolen along with their debit cards.  In this article, we will be sharing ways you can secure your bank accounts and other valuable information in a situation of theft.

There are two (2) things that must be done immediately you fall victim to theft to secure your bank account and other valuables on your phone which are;

  1. Erase your stolen phone data
  2. Block your debit cards

Erase your stolen phone data.

You must be wondering how you can erase data from a phone if your phone just got stolen, however, thanks to the integrating nature of Apple and Google services, you can access, track, and delete data from any device linked to your Apple ID on apple, and google account on Android devices.   So if you’re reading this and haven’t integrated your devices into either of these services, this is where you do that before going on.  

How to erase your stolen phone data – Apple Device using iCloud for IOS 

  1. Log in to your Apple ID on iCloud.com 
  2. In Find My iPhone, click all devices, then select the device you want to erase. If you don’t see All Devices, it’s because you’ve already selected a device.
  3. Click the name of the current device in the center of the toolbar to access the Devices list, then select a new device. 
  4. Click Erase [device].   

How to erase your stolen phone data – Android phone using Google Service  

  1. Open a browser, If you’re using someone else’s device, use private browsing mode. 
  2. Open your Google Account. 
  3. In the “Security” section, find “Your devices.” Select Manage devices. 
  4. Select the lost phone, tablet, or Chromebook. You’ll see the last time the device was used, and the last city it was in. 
  5. Next to “Account Access,” select Sign out. Follow the on-screen instructions to remove access to your Google Account and connected apps on your device.​  

If you’re using someone else’s device, when you’re done, don’t forget to sign out by closing private browsing mode.  

Block your debit cards.

These days, banks have made blocking your account in the case of theft very much accessible through USSD or their banking apps. If your cards get stolen you can block your accounts and block your debit card as well using your phone to access your app or USSD. 

In some cases like with Wema bank, you can block your card via text as well using Wema Bank USSD Code. Just send the “CARD ATM OFF” to “33352” as an SMS using your registered number with them. 

However, if your registered number was stolen, call your bank immediately and have them block it for you.    

While no one ever hopes to be a victim of a robbery, being prepared not only helps you handle the situation better if it does happen, but it also gives you the ability to help others who might find themselves in these tough situations. 

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