Debit cards have revolutionized the way that we spend money, shop, and manage our finances. It’s never been easier to keep track of your bank information, pay for purchases, and shop online and using a debit card lets you avoid the interest fees associated with credit cards. Of course, with the added convenience comes added risks, and fraud and theft have happened to multitudes of debit users and will likely continue to occur. But keeping a few things in mind will help you avoid having to deal with the stress, hassle, and frustration of fraud. It’s much easier to stay safe than you may think.
If you shop online, it’s vital that you make sure you only use debit cards on sites that are secure. Most internet browsers will let you know that you’re on a secure site, normally with a closed padlock symbol. And secure sites will usually tell you that they’re such. Without security, it’s an easy matter to take your information. Major sites like Amazon or EBay are safe, as are most minor sites. Just use caution and common sense, and never give out your debit card information through an email or some other measure. You wouldn’t go shout your info on a busy street, so treat the internet as one as well.
Many scam artists actually get information over the phone, calling to sell products or pretending to be a bank representative. Simply put, there’s no need for banks or anyone else to take information about debit cards over the phone. Your bank card information should be kept as private as possible, with no real exceptions. Take the time to ensure that you understand this so that you don’t have to worry about problems down the road. Don’t share your number or give it out to anyone unless you completely trust them.
Also, shred your paperwork and receipts. While a store receipt won’t have any major info on it, bank documents and other items could. Take the time to adequately destroy anything that has your account or personal information on it. More than a few debit cards have been taken advantage of through simple dumpster diving, so be aware of what you’re throwing out. Finally, if you suspect your card or account have been compromised for any reason at all, contact your bank immediately to make arrangements. It may seem like a hassle, but if there’s a chance your info has been stolen, an even bigger hassle could be waiting.