Prepaid Smart Cards and Gift Cards: What Happens When They're Lost

What happens if a prepaid smart card or gift card is lost?

a. no longer available

b. reimbursed by the bank

c. donated to charity

d. transferred to a new card

Why is the money on a lost prepaid smart card or gift card no longer available?

Answer:

a. no longer available

Smart card is a card that usually resembles in shape and size to a conventional plastic credit card with magnetic stripe. As it is prepaid, this card is not related to a bank account, so if it is lost, the money will be unavailable. The same goes for gift cards.

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