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.