This should still be necessary, but now the more safe and reliable one is the Wealth Management Platform. The money is placed in your own bank card connected to it, which is the so-called "safety account".

Whether your phone is lost or not, whether WeChat is uninstalled or not, has nothing to do with it.

As long as you log in to your WeChat account anywhere, you can see it, operate the account, and then return your bank card.