PROTECT YOURSELF AGAINST THEFT & FRAUD

We have seen in commercials how smoothly commerce is supposed to run when we all use debit cards instead of cash and checks.  Unfortunately while the card may be interchangeable for cash it is also an access to our bank accounts that can be easily accessed by unscrupulous individuals.  Below are a few tips to maintain your debit card security.

1.  Check your wallet often and report lost or stolen cards immediately.  Cash is cash.  Your is access to your entire bank account. Hang on to your card!

2. Sign your card as soon as you receive it.  Read the security precautions that come with your card and follow them.

3. Check your statements.  Know what you have spent and where you spent it so you can spot problems quickly.  Contact your bank right away if you notice unusual activity and follow up with them in writing. 

4. Be aware.  Know what is going on around you when using your debit card.  Don't let others see your PIN while you are entering it.

5. Write down the name and phone number of the issuer for each card in your wallet.  Put it in a safe place - separate from your wallet - so you can speed up the process if your cards are lost or stolen.

6. Check the calendar.   Know when you statements should arrive.  If one is late or missed contact the issuer immediately.  Missing statements could be indicative of fraud.

7. Be safe.  Don't write down your PIN memorize it!  Don't write in on the card, keep the number in your wallet or share it with others.

8. Check the numbers.  Keep your receipts from debit card transactions. Make sure the amount you purchased is correct and deduct the amount from your checkbook to avoid bouncing checks.

Following these tips can help prevent fraud and protect your hard earned savings. So, be alert, be safe and if you believe your credit or bank account may have been comprised or that you are a victim of identity theft you find more information about Identity Theft and how to handle it at the FDIC website.