Control and convenience from an app on your phone, for the cards in your wallet – that is what it is all about. CardValet is a powerful app offered at First Bank of the Lake that gives you extensive access and control of your debit and credit cards. We have all had that moment when we can’t find one of our cards. You remember the last time you used it, but you aren’t sure if you misplaced it or have lost it … or worse, maybe someone else “found” it.
At that point you may wonder if you should you call the bank and close the card before someone empties your account. What about all your automatic bill payments that are attached to that card? Is it safe to wait and see it you can find it? Maybe it is a false alarm, and the card is in the pocket of the jacket you were wearing when you used it last. This is a terrible feeling, and it is all alleviated with the CardValet App from First Bank of the Lake. The CardValet App has so many wonderful features that allow you to monitor and control your cards. If that sounds like something you need, keep reading!
1) Lock and Unlock Cards
With the Card Valet App you have the ability to lock and unlock your card at any time. When you lock your card, all transactions are blocked except your regularly recurring payments. This is a useful feature when you want to give someone access to your card but only when and for how long you say so. This is also great way to disable a lost or stolen card and prevent fraudulent activity. Even better, it brings instant peace of mind anytime you “misplace” your card knowing that all transactions will be declined until you choose to unlock the card.
2) Monitor Spending
With the CardValet App, you will be able to see the details of each of your cards including a real time list of all your recent transactions. You also can set each card to send you alerts or notifications based on the criteria you set. You can set each differently based on your needs, with the option to be notified based on transaction types, merchant types, location and spending limits. That way even without checking the app regularly, you can be assured that if something unusual is happening, you will be informed immediately.
3) Limit Spending
In the same way as you specify your notifications, you can set up controls on each card to limit how it is used. So, you input what transaction types, merchant types, locations and spending limits are acceptable for each card. If a purchase does not meet your criteria, it is declined. This is the answer to so many situations! Parents who want their kids to have an emergency card but only to use when you decide. Or maybe you want your kids to be able to buy gas but not entertainment with your card. Perhaps you need a debit or credit card for your business but feel uneasy about operating on just a trust system when it comes to giving your employees access to it. With total control, you have the ease of giving access to your cards, with the peace of mind in knowing they will only be used for what is approved.
The best part is you have the power to do all this in real
time with your fingertips! If your
employee has a flat tire in a company vehicle, you can immediately change the criteria
and allow him or her to access your business bank account at the Lake of the Ozarks and make an emergency purchase.
Then as soon as the purchase is made, you can restrict the card again. You can have a card that you only turn on
when you make an online purchase and stays locked otherwise. You can know exactly what you, your employees,
or your kids are spending money on, as well as when, where, and how much.
If having that kind of control and convenience over your
banking at the Lake of the Ozarks is important to you, First Bank of the Lake
is here to help! Find out more about the CardValet App on our website. To get
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