Just how well do you keep your debit card (ATM card)? Have you given anyone access to your bank accounts? however, you are doing exactly that when you keep your credit credit cards carelessly. Debit cards enables money withdrawal directly from your account, making them delicious target for fraudsters. Below are few tips that will help you protect yourself from card skimming or any form of fraud.
1. Update Your Bank Information Regularly: Remodel your contact information (i. electronic. mobile number, e-mail, address, etc. ) that you gave to the loan company regularly. This will make it faster for the financial institution to notify you of any suspicious transactions.
3.Do a regular Check: Check your account balance and transaction history regularly. If you see anything suspicious, immediately report it to the bank. Review account statements from your financial institution or credit union when you get them, or better still sign up for electronic banking to get secure online access to your account day or night. Report any problems or questions, including transactions you think may be unauthorised, right away. Again, quick action can limit misuse and save you money.
4.Keep your PIN a secretYou are advised to memorise your PIN, and never write it on your card or store it with your card. Do not let anyone else enter your PIN for you. Don’t give your PIN over the telephone. No company or person should ever ask for your PIN, not even your bank or credit union. If you use your debit card to make a purchase by phone, never disclose your PIN. Always keep your PIN a secret?)
5.Don’t waitIf your card is lost or stolen, report it to your financial institution right away. By notifying your bank or credit union immediately, you reduce the chance that your card will be used improperly. Even better, you limit your potential liability – translation: the money you actually lose – for unauthorised transactions by scammers or hackers.
6.Watch your emailEmail is probably the most common method of identity theft and electronic fraud. Don’t provide your debit or credit card number, PIN or other personal information in response to an unsolicited email or online request. Electronic security pros recommend different PINs for different accounts. And it’s a good idea to change your PINs often.
7. Be Vigilant: Be vigilant of your surroundings when approaching and using an ATM. Make it a habit to cover your hand and pin pad as you enter your PIN on the ATM.
8. Destroy Old cards: If you receive a new card, make sure to destroy your old one. Make sure to cut across the magnetic strip and destroy the chip.
9. Protect your card
If the magnetic stripe on the back of your card is damaged or demagnetized, the “swipe and buy” process cannot work. So don’t expose your card to magnetic objects, dirt and grit, keys or other objects that can nick the stripe.
10. If you’re planning to use your card abroad, let the bank know your travel dates and destination.
Source: Security Bank Corporation