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Lloyds now offers more "freeze" options for credit cards

Nicosy
Nicosy Posts: 46 Forumite
10 Posts Second Anniversary
in Credit cards
https://thefintechtimes.com/lloyds-freeze-options/

You can now use your app to do all of the following:
  • Freeze card: Stops all card based transactions
  • Freeze abroad: Stops all point of sale transactions and ATM withdrawals outside of the UK
  • Freeze online and remote: Stops all transactions where the card is not physically present
  • Freeze at tills and terminals: Stops transactions where the card is present
  • Freeze ATM withdrawals: Stops withdrawals at ATMs

Comments

  • Ben8282
    Ben8282 Posts: 4,821 Forumite
    1,000 Posts Combo Breaker Newshound!
    Very interesting but a shame that Lloyds have not bothered to inform their customers and not a single mention any on internet banking.
  • Peter999_2
    Peter999_2 Posts: 1,495 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    It's always a good idea to get it working first, wait a while to see if anyone finds and uses it. See if there are any issues - maybe get their own staff to test it.


    If no issues arise then slowly send emails to a few many people at a time. Still no problems - the rollout is successful.
  • dave1345
    dave1345 Posts: 38 Forumite
    Seventh Anniversary 10 Posts Name Dropper
    It's good to see this has been extended to credit cards and with some useful detail in what you can choose to freeze. I've filled in their feedback questionnaire as well and it gives you an opportunity to tell them what other specific transactions you might want to block in the future.
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