British statistics say that only one in five lost wallets goes back to the owner, and there is no reason to think that data in Latvia is much different. If your wallet is no longer in your bag, pocket, or corner of your home, you need to act quickly as your credit card and ID can be used for fraudulent purposes. We’ve come up with a guide on what to do and when to lose your wallet. Read and remember!
3 things to check if max
Losing your wallet can get you into a lot of stress, but before you call the police, it’s worth making sure your wallet is really lost, not just falling between the cushions or left in the car. If you can’t find your wallet, first check:
- all pants and bags. Men usually keep purses in their trouser pockets and women carry them in their bags. When changing your bag or pants, you may forget to move your purse from one place to another, and when you change clothes, you may forget your purse in your wardrobe, closet or bedroom;
- car interior. Moving your belongings and transferring your day-to-day purchases to your home can make you forget about your wallet, especially if you have taken it out for some reason;
- all the places you’ve been to during the day : work, cafes, sports clubs, bars, etc. Call the authorities and find out if you have forgotten your wallet.
But if it is so easy to return your wallet, you have to go to the wall to eliminate the consequences of losing your wallet. Excessive worry won’t help – stay calm and act as recommended by police and financial security experts.
3 precautions after losing your wallet
Cash is only a part of what is lost along with losing or stealing your wallet. In fact, rarely does anyone today hold large sums of money in their wallets, so in terms of cash, losses are usually not large. However, each person also has documents in his / her wallet: eID card, driving license, credit card . Abusers can use these documents to access the victim’s bank account or to draw up a loan, so it is imperative to report them to government and financial authorities. The three types of documents that need to be changed after losing your wallet are:
If the credit card and the debit card fall into the hands of the malicious person, along with the identity document of the owner, the consequences can be very sad. If your wallet is nowhere to be found, you must first block your credit and debit cards to prevent the thief from being present.
The fastest way to apply for a credit card lock is to make a phone call to inform your card issuer of the situation. Other communication channels, such as e-mail, do not provide a sufficiently prompt response from the bank in this case, but every minute is valuable in the event of losing your wallet.
The credit card is locked after the owner’s identity check, so be prepared to answer any additional questions and, if necessary, go to a financial institution to verify your identity.
Nowadays, the passport usually stays at home, but everyday people carry an eID card, which fits neatly into their wallet and holds their payment cards. The bad news is that after losing your wallet you will have to renew your eID card at full cost, the good news is that it can be easily renewed by contacting the Office of Citizenship and Migration Affairs. eID card holders should remember that:
- apply for a new eID card within 30 days of losing your old card;
- if e-signature certificates are activated on the card, they should be suspended as soon as possible. Suspension of certificates is provided by SJSC “Latvian State Radio and Television Center” (LVRTC), which can be contacted.
Drivers usually keep their rights in their wallets, along with other documents, so you need to renew your rights with your credit cards. To do this, the owner must inform the CSDD of the loss of rights and apply for a new one. Lost or stolen rights are reinstated without re-examination, but the driver must undergo a medical examination and take photographs of the new rights. It is a paid service and the price list can be found on the CSDD website .
Updating documents is an unfortunate but necessary task. Nobody wants to queue up and spend a business day walking to the bank, so financial institutions are offering new solutions for blocking and renewing credit cards. In conclusion, we would like to tell you about the advantages of non-bank credit cards!
Non-bank credit card – even more convenient to use
Did you know that nowadays credit cards can be obtained not only at the bank but also at a non-bank financial institution? Companies like Reverant and Waster offer Visa and MasterCard credit cards that are not tied to a user’s bank account and can be used worldwide, both in local stores and online.
Blocking a non-bank credit card is as easy as using it – in the event of a card being lost or stolen, the user simply has to contact the service provider or block the card himself or herself using a mobile application. So simple and fast!
When choosing a new credit card, pay attention not only to the credit limit and interest rate, but also to how the card issuer protects customer data and assets. Learn more about Reverant and Waster on our platform and share your knowledge with your friends!