Most of the people are moving to use debit cards rather than credit cards. In the recent times, the frequency of fraudulent activities & losing money through debit cards are higher in comparison to credit cards & it’s mishap.
In the debit card, you already have balance n your account and thus, if anyone gets hold of your debit card data, they could easily withdraw all your money. The banks are trying their part to prevent such types of fraud but you need to take care of certain things to make your debit card transactions safer apart fromcheck onevanilla balance .
Check Your Bank Statements Often
Checking your bank statement will help you to keep a track of all your transactions and you will be informed if there has been any case of fraudulent in your account. Make a habit of reviewing your bank account at least once a week if not daily.
Protect Your PIN Number
The Personal Identification Number (PIN) is very sensitive information. Do not give your credit card PIN to anyone and avoid writing them down. Use your card only in the credit purchase functionso that no that no one else is able to see it. Depending on your bank, you may be offered extra liability protection if you use your debit card in credit card mode.
Avoid Using Debit Cards Online
There are many consumers who choose to use credit cards online rather than debit cards as a credit card transaction takes more time to be processed by the bank. These are helpful in cases of fraudulent credit card transaction as this will take more time to remove the cash from your account. In the meantime, if you are aware of such cases with your account,you could visit your credit card company and block your account.
There are certain security symbols like the unbroken key or padlock on every website which proves the authenticity of the website and ensures that your information will be encrypted and therefore will be safer. Also, checkwhether the address of the website which you are visiting has an “s” after the “HTTP” which indicates higher security.
Only Use ATMs at a Bank
ATMs are located in almost all the public places such as convenience stores, airports and subway stations. But these places are not very safe as there might be a skimming device attached to the machine by a thief, which could intercept the data of your debit card. This might even happen at bank ATMs, but it is easier to do in places where there are no surveillance cameras.
Report Problems Immediately
If you find any unauthorized transactions using your card, you should report it immediately to your bank. The faster the problem is reported, the quicker will it be able to cancel your debit card and prevent anyfurther charges or deductions from your card.
If you have lost your card or if it was stolen, contact the police before contacting your bank. Report an FIR and keep a copy of the report so that you have support documents in case it is required anywhere.
Following these tips will drastically improve the safety of your debit card.