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Once You Lose your Phone, You Lose All Your Money In Your Bank Account. - Phones (4) - Nairaland

Nairaland Forum / Science/Technology / Phones / Once You Lose your Phone, You Lose All Your Money In Your Bank Account. (45492 Views)

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Re: Once You Lose your Phone, You Lose All Your Money In Your Bank Account. by shilz(f): 3:08pm On Jan 19
tochez24:


You loose your money because you're actually DUMB, not because something is wrong with the Nigerian banking system⚠️

If you're not technically inclined, please avoid using ATM cards and nothing will happen to money if you loose your phone!!!!

But, if you're smart and technically exposed like me.... First thing you do is to lock your alert sim with a unique password, then proceed to lock with your atm cards, bank apps and ussd with passwords. To be on a safe side, you can use one long unique password for all of them, linking them to just one mobile network which you have already passworded too.

And please do not share this details with anyone, whether with a friend, family or scammers impersonating bank staffs.

That way when you loose your phone, nobody can even access your mobile line talkless of your bank account😆😆

I have lost my phone severely times and nothing happened to my bank account 💯
I was kidnapped at that point all of this became useless,the fact that my phones had password even increased the mAltreatment plus they had time to take all the password……just have a small phone the account on the phone should be daily expense or weekly and be safe out there…
Re: Once You Lose your Phone, You Lose All Your Money In Your Bank Account. by tochez24(m): 3:09pm On Jan 19
NinjaMetahuman:
that's what I always advise people. If you don't know what you are doing, don't do Internet banking.

Carry your checkbook and go to bank and go and queue there.

Internet bank is connivient and very secure. If I lose my sim or phone, I'm not even going to be worried.

I have forgetten my debit cards couple of times and when I remember I will go and collect it.
I will just put instant limit on the card immediately I noticed it's missing or suspend it till I find it.

If I lose my phone, you have to be working with the FBI to unlock it grin

Lol 😆

I lost my phone and atm card some time last year ⚠️ i didn't even border to block my atm card, you must be truly a hushpuppy or some US secret agent worker to break into my phone or ATM card i tell you🙄

I was only pained because of my phone, it was quite expensive, I'm 💯 certain that the person that stole will never break into it... The person can't even access my sim card sef😅

He will only throw away my sim and flash the phone🤦🏾‍♂️
Re: Once You Lose your Phone, You Lose All Your Money In Your Bank Account. by NinjaMetahuman: 3:10pm On Jan 19
eventainment:



Now the challenge of fingerprint login is something you are not looking into. More than one fingerprint can be added on the device and that is another challenge. So tentatively everyone wants fast transactions
you will need initial password of the phone to add fingerprint.

Unless they have that password, they won't be able to add fingerprint.

1 Like

Re: Once You Lose your Phone, You Lose All Your Money In Your Bank Account. by yad2eidi: 3:11pm On Jan 19
sihamey:


So you don’t do mobile banking ? The problem is not the SIM card you use for your bank account but mobile banking app you use for transactions can be manipulated when you loose your phone.

My formula
Always freeze your account with your mobile app unfreeze it when you wants to do transactions in this case if someone steal your phone and try to use your bank app he will not succeed
if you are dumb enough not to lock your phone with pin or fingerprint, you deserve it if your money gets stolen
Re: Once You Lose your Phone, You Lose All Your Money In Your Bank Account. by Deeprooted: 3:11pm On Jan 19
I was a victim.

Under the bridge in mararaba, I don't know how those guys took my phone from my pocket and made away with 376k from my first bank account in less than 20 minutes.

For fear of the high traffic there, I went in a public vehicle only to have my phone stolen.

Our banking system have a very poor security.

1 Like

Re: Once You Lose your Phone, You Lose All Your Money In Your Bank Account. by tochez24(m): 3:12pm On Jan 19
shilz:
I was kidnapped at that point all of this became useless,the fact that my phones had password even increased the mAltreatment plus they had time to take all the password……just have a small phone the account on the phone should be daily expense or weekly and be safe out there…

I'm sorry to hear this sir🥺

Please accept my apologies 🙏🏽

Yeah we will keep that in mind as god protects us all.
Re: Once You Lose your Phone, You Lose All Your Money In Your Bank Account. by miqos02(m): 3:15pm On Jan 19
ruggedtimi:
lies bro...they can rob your account with your sim card alone.
very true because your sim receive notifications.
Re: Once You Lose your Phone, You Lose All Your Money In Your Bank Account. by Resetinc: 3:15pm On Jan 19
I use eSIM, and Before you bypass my screen lock you need a computer with iTunes installed, then an internet connection to run a restore, once my phone restores to factory it enters iCloud ..😂

1 Like 1 Share

Re: Once You Lose your Phone, You Lose All Your Money In Your Bank Account. by Vecta5: 3:16pm On Jan 19
Kobicove:
I have partial solution to this...all my bank accounts are tied to just 1 SIM card and that SIM card is in a cheap torchlight phone which I keep at home permanently grin

An added security measure is that my SIM card is locked with a PIN code

Na only me and you get this revelation.

1 Like

Re: Once You Lose your Phone, You Lose All Your Money In Your Bank Account. by FutureFocus: 3:17pm On Jan 19
Kobicove:
I have partial solution to this...all my bank accounts are tied to just 1 SIM card and that SIM card is in a cheap torchlight phone which I keep at home permanently grin

An added security measure is that my SIM card is locked with a PIN code

That is not enough, you must also switch off the phone because the phone can be unlocked by software engineers and they will not need your pin in that case , they will only need pin if your phone is off and they put it on.
Re: Once You Lose your Phone, You Lose All Your Money In Your Bank Account. by Lordsonn: 3:17pm On Jan 19
The phone number you used in your account, always keep it at home. Password all apps in your phone. Never go around with the phone number connected to your bank account
Re: Once You Lose your Phone, You Lose All Your Money In Your Bank Account. by Kinzo0917(m): 3:17pm On Jan 19
sihamey:


So you don’t do mobile banking ? The problem is not the SIM card you use for your bank account but mobile banking app you use for transactions can be manipulated when you loose your phone.

My formula
Always freeze your account with your mobile app unfreeze it when you wants to do transactions in this case if someone steal your phone and try to use your bank app he will not succeed
.

What they unfreeze it
Re: Once You Lose your Phone, You Lose All Your Money In Your Bank Account. by Obierika(m): 3:18pm On Jan 19
FutureFocus:
Very correct

Obierika , you asked a question on that thread , I was about to answer but Seun moderator banned me,

It’s very important you activate your USSD Banking and change the pin , because if you do not, once your phone got lost, either you put pin on your sim or lock your phone does not matter, there are software engineers that will unlock your phone and these criminals will keep the phone charged , note that your Service provider only request for pin code if you just power your phone ON, these criminals will unlock it, activate your USSD Banking and steal your money without sim pin, this is what I was told in the bank the day i bragged about always having my phone and sim locked.

The banker laughed and said “ the criminals will unlock the phone, it will only request for pin if they insert my sim in another phone and the criminals knows this, so they won’t , they will just unlock the phone and activate your USSD because they know many people doesn’t even use USSD and so never activated it, that was the day I activated mine and select pin before the criminals activate on my behalf

I never actually thought of this, I will go and activate the USSD on all my bank accounts then change the passwords
Re: Once You Lose your Phone, You Lose All Your Money In Your Bank Account. by tochez24(m): 3:18pm On Jan 19
Kokorokomanaoga:
is it possible for someone to use your atm card without knowing your pin and phone number these days?

NEVER⚠️

Even the highest hacker in this world can't hack into your bank account without knowing your pin or having access to your alert sim.

They can reset your pin with OTP if they can access your alert sim...

So it's very important to password them both before any other thing, and don't share with anyone for whatever reason.
Re: Once You Lose your Phone, You Lose All Your Money In Your Bank Account. by mikemiyaki: 3:18pm On Jan 19
What happens if someone wants to pay money into that account? Will it work?
sihamey:


So you don’t do mobile banking ? The problem is not the SIM card you use for your bank account but mobile banking app you use for transactions can be manipulated when you loose your phone.

My formula
Always freeze your account with your mobile app unfreeze it when you wants to do transactions in this case if someone steal your phone and try to use your bank app he will not succeed
Re: Once You Lose your Phone, You Lose All Your Money In Your Bank Account. by NinjaMetahuman: 3:19pm On Jan 19
Truvelisback:
Who told you that? A guy borrowed a phone from someone in pretense that he wanted to check livescore. This guy wiped out his bank A/c. Note: This guy didn't know his pin.
na lie.

He knew his pin. Either he changed the pin cos the phone was already unlocked with sim card also unlocked or he knew his pin before hand.

Changing bank pin takes a little of time than knowing the pin already.
Re: Once You Lose your Phone, You Lose All Your Money In Your Bank Account. by Myself2(m): 3:20pm On Jan 19
How about when you don't do online/internet banking, no bank app downloaded ?
If you have a main account where the bulk of your money is, then you don't use ATM, no online banking, no app, no internet banking. For any transaction, you must go to the bank and fill out a form
Re: Once You Lose your Phone, You Lose All Your Money In Your Bank Account. by FutureFocus: 3:20pm On Jan 19
Obierika:


I never actually thought of this, I will go and activate the USSD on all my bank accounts then change the passwords

I was flabbergasted that day, that was the day I did mine also, I never thought of it too
Re: Once You Lose your Phone, You Lose All Your Money In Your Bank Account. by tiwasiaife(m): 3:20pm On Jan 19
tochez24:


You loose your money because you're actually DUMB, not because something is wrong with the Nigerian banking system⚠️

If you're not technically inclined, please avoid using ATM cards and nothing will happen to money if you loose your phone!!!!

But, if you're smart and technically exposed like me.... First thing you do is to lock your alert sim with a unique password, then proceed to lock with your atm cards, bank apps and ussd with passwords. To be on a safe side, you can use one long unique password for all of them, linking them to just one mobile network which you have already passworded too.

And please do not share this details with anyone, whether with a friend, family or scammers impersonating bank staffs.

That way when you loose your phone, nobody can even access your mobile line talkless of your bank account😆😆

I have lost my phone severely times and nothing happened to my bank account 💯
What if u die which money will they use for ur burial since ur family members don't know ur pswd

1 Like 1 Share

Re: Once You Lose your Phone, You Lose All Your Money In Your Bank Account. by chudez0147(m): 3:21pm On Jan 19
But how would they know your bank pin ?
Re: Once You Lose your Phone, You Lose All Your Money In Your Bank Account. by Deeprooted: 3:22pm On Jan 19
seborrhic:

Big,fat lie.
Stop spreading lies.
Not talking from say,so,but have lost my phone more than twice and not a single dime was lost before I retrieved the SIM.
One left for a week,the other happened on a Friday,went and did sim swap Tuesday the next week because the Monday was a holiday.
Both occasions didn't even block the lines.
So your post is not true at all.
It's ONLY if your pin is compromised that your money MAYBE gone.

Oga go and drop your phone 'mistakenly' under the bridge in mararaba, if those guys don't clear everything from your account, come back here and quote me.

You will think you're smart, till you fall real victim.

1 Like

Re: Once You Lose your Phone, You Lose All Your Money In Your Bank Account. by kaymart: 3:24pm On Jan 19
tochez24:



first of all.... Nobody on earth can steal your money through bank app or ussd without your password, unless they got it from you in one way or the other without your consent⚠️

Secondly, to strengthen your protection... You can simply lock your phone and alert sim card. That way, when you loose your phone nobody can break into your phone, talkless of performing any transaction...absolutely nobody♂️
How do one lock Phone/alert?
My phone lock after 4 minutes of being idle. Is that the lock you were referring to? Is there any other lock?
Re: Once You Lose your Phone, You Lose All Your Money In Your Bank Account. by JDhotral4: 3:24pm On Jan 19
Sim card locked is 100parcent saver.
Re: Once You Lose your Phone, You Lose All Your Money In Your Bank Account. by 99thEnemy(m): 3:25pm On Jan 19
fash78:


Can you please describe how to activate sim lock? Thanks
Just google, the exact process often differs from phone to phone.
Re: Once You Lose your Phone, You Lose All Your Money In Your Bank Account. by Yktv: 3:27pm On Jan 19
If you actually believe this, for someone going around calling people dumb, you’re really the dumb one. You don’t know anything at all

tochez24:



first of all.... Nobody on earth can steal your money through bank app or ussd without your password, unless they got it from you in one way or the other without your consent⚠️

Secondly, to strengthen your protection... You can simply lock your phone and alert sim card. That way, when you loose your phone nobody can break into your phone, talkless of performing any transaction...absolutely nobody♂️
Re: Once You Lose your Phone, You Lose All Your Money In Your Bank Account. by forgiveness: 3:30pm On Jan 19
tochez24:


You loose your money because you're actually DUMB, not because something is wrong with the Nigerian banking system⚠️

If you're not technically inclined, please avoid using ATM cards and nothing will happen to money if you loose your phone!!!!

But, if you're smart and technically exposed like me.... First thing you do is to lock your alert sim with a unique password, then proceed to lock with your atm cards, bank apps and ussd with passwords. To be on a safe side, you can use one long unique password for all of them, linking them to just one mobile network which you have already passworded too.

And please do not share this details with anyone, whether with a friend, family or scammers impersonating bank staffs.

That way when you loose your phone, nobody can even access your mobile line talkless of your bank account😆😆

I have lost my phone severely times and nothing happened to my bank account 💯

How do one lock alert sim? What do you mean by alert sim?

How do you lock your atm card?

1 Like

Re: Once You Lose your Phone, You Lose All Your Money In Your Bank Account. by Goodnewsforlife: 3:31pm On Jan 19
tochez24:


You loose your money because you're actually DUMB, not because something is wrong with the Nigerian banking system⚠️

If you're not technically inclined, please avoid using ATM cards and nothing will happen to money if you loose your phone!!!!

But, if you're smart and technically exposed like me.... First thing you do is to lock your alert sim with a unique password, then proceed to lock with your atm cards, bank apps and ussd with passwords. To be on a safe side, you can use one long unique password for all of them, linking them to just one mobile network which you have already passworded too.

And please do not share this details with anyone, whether with a friend, family or scammers impersonating bank staffs.

That way when you loose your phone, nobody can even access your mobile line talkless of your bank account😆😆

I have lost my phone severely times and nothing happened to my bank account 💯
u don’t have to call him dumb to drive home your point bro
Re: Once You Lose your Phone, You Lose All Your Money In Your Bank Account. by zcee: 3:31pm On Jan 19
michlins:
Oga, lock your Sim card and no one will gain access to your money. Avoid those banks you can recharge your phone using ussd codes without requiring pin
how do I lock my sim
Re: Once You Lose your Phone, You Lose All Your Money In Your Bank Account. by tochez24(m): 3:32pm On Jan 19
kaymart:

How do one lock Phone/aler SIM.
My phone lock after 4 minutes of being idle. Is that the lock you were referring to? Is there any other lock?

Apart from your normal phone lock⚠️

Please with a different password,
*Lock your bank apps
*Lock your alert sim card
*Lock other sensitive apps like call and message apps in your phone too with app lock.

I don't know the type of phone you're using but i think you will be able to lock your sim if you go to the sim app in your phone... Just go to menu and locate the sim application, it's in every android phone.

If you're using iPhone or a smaller then you can ask Google⚠️
Re: Once You Lose your Phone, You Lose All Your Money In Your Bank Account. by reucom: 3:33pm On Jan 19
Hello guys

Is it possible one can use the bank app for transactions without having a master card on the same account please?
Re: Once You Lose your Phone, You Lose All Your Money In Your Bank Account. by ejimatic: 3:33pm On Jan 19
Truvelisback:
Good day, fellas. The Nigerian Banking System is very weak. Once you lose your phone, you lose all your money in your Bank a/c. This is very bad.
If yiur phone is missing quicky contact yiur banks and block yiur accounts. Pronto

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