If you’re among the millions of Americans who rely on debit cards daily, or one of the many who’ve just gotten your first card, you’re probably already in love with the convenience and simplicity that they provide. But while these cards are easier to use than ever and allow you to shop online with the click of a mouse, there are a number of issues that many people ignore outright. Simply put, using these cards carelessly could result in major problems for you down the road. If you want to use your card and stay safe in the process, there are a few basic tips to remember.
First of all, consider your PIN. If you select your own, be sure that you don’t make it obvious. PINs for debit cards that are sequential numbers or based on major events like you or your child’s birthday are easy for thieves to figure out. It may take a bit longer to memorize it, but choose a PIN that isn’t obvious. Also, be sure that you actually do memorize it. Writing your number down and carrying it with you is one of the worst things you can do for your finances. Choose a secure Personal Identification Number and memorize it to stay safe.
Next, be sure that you keep your card safe. Every day, debit cards are lost or stolen due to little more than their owner’s complacency. Don’t just tuck your card in your back pocket or leave it lying on your desk – that card is connected to your finances and should be treated as such. It’s the key to your bank account, and you need to ensure it’s protected at all times. Whether you’re traveling, in your car, or at home, be sure that you know where your card is if you want to ensure you don’t run the risk of problems later.
Also, be sure that you take action immediately if your debit card turns up missing. Since debit cards are tied to your bank account, it’s an easy matter for a thief to drain your money totally. While many banks have measures in place to help you recoup some of your losses, the simple truth is that contacting the bank the second you realize your card is gone is the best way to prevent more damage from occurring. And never give out your debit card number over the phone or online unless you’re 100 percent certain of who you’re dealing with.