How to protect your debit card
As with anything to do with your money, you need to be aware of how to protect your savings from theft. Learning the steps you can take to ensure the security of your debit card will help.
Debit card security
Banking fraud is on the rise with the criminal element finding more ingenious ways to fleece you of your funds without you even knowing until it’s too late. But there are steps you can take to lessen the chance of losing your money and these include
- Sign your card as soon as you receive it
- Memorise your PIN. Never write it on the card or keep it written down with your card
- Do not lend your card to anyone or reveal your PIN to anyone either
- Check your statements and report any suspicious or unauthorised transactions
Banks and police have been quick to alert people to banking scams as well as to the skimming devices that are turning up on ATM machines. Before accessing an ATM, look for signs of tampering or any unusual additions before to the machine before inserting your card. If something looks wrong, it probably is. Also, get into the habit of shielding the keypad when entering your PIN.
Protecting your debit card
Keep track of when you new or replacement card is due to arrive and alert your bank if it fails to do so. Many cards go missing because they have been intercepted in the mail and you may not realise until strange purchases appear on your statement. It’s a good idea to make sure your letter box is secure and that other than you and your postman, no one else can access the mail in your box.
Another suggestion is to avoid handing your card number out randomly to telemarketers and other callers that you don’t know. They may not be who they say they are and you could be putting your account at risk. Only give out your card number if you have made the call to a valid recipient who needs your card number to complete your transaction.