What Happens When Your Debit Card Expires?

Are you wondering what happens when your debit card expires?

With the world evolving every passing second, transactions have become easier and faster and many do not require anyone carrying large sums of money with them anymore.

One of the inventions we have now is cards, making transactions with cards; debit cards, Credit cards, prepaid cards, virtual cards, deferred cards, and the Aqua, so far.

  • The Debit card limits your payments to your check account balance.
  • The Credit cards allow you to make payments to cover your expenses within a certain time and credit limit; this expense can exceed your check account balance.
  • The Deferred card will allow you postpone purchase payments or make withdrawals when you use the card; however, it has interest rates attached to it.
  • The Prepaid card is loaded with a certain amount of money to make purchases within a given limit that the bank sets.
  • Virtual cards make online payments. The name Virtual suggests that they are not physical. They will have the same information as physical cards, that is; the CVV, card owner’s name, expiry dates and card number.
  • The Aqua, recently first launched in Spain, doesn’t have card numbers or expiry dates but has a dynamic CVV code

The Debit card like many cards has a card number, a CVV code, an expiry date and a pin, which is only known by the card owner.

Debit cards allow you to withdraw money from ATMs in multiples of 5, make purchases at stores or online and also to get money back from different places that will give it in multiples of 5 still.

Because your debit card will oust money from your check/current/deposit account, there is a limit the bank will set as to how much you can spend or withdraw while using the card.

This is for your protection in case a thief takes your card and goes on a shopping spree or an ATM to make a withdrawal.

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It will keep your account from being run dry. Different banks have different limits set and should you want a higher limit, you can talk with your bank and have them increase your limit.

Some of The Top Debit Cards Benefits Are:

  • One (in most cases) does not require an ID to make a transaction if they have a debit card. Some debit card transactions do not require a PIN
  • Debit cards protect your personal bank details from others unlike the use of check for instance.
  • Debit cards are a fast way of dealing with check orders in case you do not have cash with you. You can make payments or purchases anywhere with your card and without the hustle of having to look for a place you can withdraw money or make a payment from.
  • Debit cards require you to spend only what you have, unlike credit cards that allow you to spend what you do not have. This will keep you from getting into debt.
  • Also, debit cards do not carry annual fees or so which credit cards have and therefore, you will save money by having a debit card.
  • Credit cards require you have credit which many do not have and so a debit card will give one the privilege of a card without necessarily having credit.
  • Debit cards will help you control impulsive spending as you are aware of your account balance and so you will be frugal.

And like other cards, other general benefits are:

  • Transactions are fast, as one doesn’t need to physically count money.
  • Transactions are convenient, as they can be done anywhere, any time.
  • Cards are light to carry, so one doesn’t have unnecessary baggage with them.
  • Using cards also eliminates the use of checks. One doesn’t have to take time to write out a check and they would still be able to capture all necessary information.

Like all cards, the debit card will expire every 2 to 5 years. It will expire at the end of the month indicated on the card.

The expiry date is indicated in a MM/YY format at the front of your card.

This means the first 2 digits indicates the month and the next 2 digits indicate the year.

So, if it says 04/22, it indicates that your card will expire on 30th April 2022.

It expires on the last day of the indicated month.

When a debit card expires, it causes inconveniences to the users. You cannot make payments or withdraw money anymore.

Depending on how organized your financial life is, it will even cost you in case of late payments due to an expired card.

In spite of the inconveniences, it is necessary to have the cards expire and here is why;

  • Having the debit cards expire is a way of preventing FRAUD. You are constantly feeding your card particulars into the internet when you process online payments and the like and you stand a chance of being hacked every now and then. Having your card details changed every now and then will secure you.
  • Cards will have an expiry date so you have a new card to replace the old one that has most likely faced WARE AND TEAR over the years.
  • Cards will also have an expiry date to accommodate TECHNOLOGICAL CHANGES. For instance, in the past, debit cards used a magnetic strip, now cards use a secure EMV chip. The future might bring us something more advanced. Change is a constant.

When your credit card expires, it will no longer work. It will be read as an invalid card at your transactions online or at stores or at the ATM. Your automated bills charges to your card will not succeed and ultimately you will incur late payment fees.

Ideally, your bank or credit union should send you a new card before the current one expires.

However, if the expiry date is drawing close and you haven’t received a new card, you ought to visit your bank or call them.

Ultimately, be aware of your expiry date so that you do not have unpleasant surprises in the future.

When You Receive Your New Debit Card,

What it will have;

  • The card number will stay the same (most times)
  • The CVV code changes
  • You will have a new expiry date

What You Should / Will Need to Do;

  • Activate it-Either by calling an activation number you will find on the sticker that comes with the card and it will have instructions to follow and eventually your card is activated.  OR, make an in-store purchase as a debit and use a previously set PIN and your card will be activated.  OR make a withdrawal at your bank’s ATM and once your pin is entered, your card will be activated.
  • Dispose of the old one. Ideally, shred it or cut it into pieces and even dispose of it in bits.
  • Then update all the automated accounts with the new card details to avoid rejected transactions and late payment fees.


So, your cards will expire. Your debit card will expire eventually.

Be ware of when it will expire and keep in touch with your bank to avoid the inconveniences that come with an expired card.

Should you lose your card or have it stolen, please get in touch with your bank and have them get you a new one with new details and also create a new check/deposit/current/savings account.