Protect your bank card by keeping your PIN secret, not giving out information over the phone, and reporting lost cards immediately. Never share your PIN, use a random string of numbers, and confirm the caller’s identity. Call the bank if you lose your card.
You can protect a bank card by keeping your personal identification number (PIN) secret, never giving out bank card information over the phone unless you are sure of the caller’s ID, and reporting lost cards as soon as possible. A PIN number is a secret number that allows a bank card user to spend money from the card, but it is important not to write the number down or give it out in order to keep the card safe. Also, never provide card information over the phone to someone who has called you and is acting suspicious, urgent, or confused. Lastly, lost cards should be reported immediately because they could have fallen into the wrong hands.
If your bank card has a PIN, never share that number with anyone. Sharing a PIN makes it easier for others to commit identity theft by allowing them to use the card with few restrictions. In addition, the PIN must not be a number that is easy to guess, such as your date of birth, home or office address, or another definable number. Create a random string of numbers whenever your financial institution allows it, and keep it in memory instead of writing it out. If a financial institution sends a letter confirming your chosen PIN, shred the letter before throwing it away.
A common scam that occurs involves a person requesting bank card information over the phone while claiming to be from the bank. Caller ID can be tricked into displaying a number in addition to the actual number a person is calling from. Therefore, always confirm the identity of the caller, and if you were not expecting the call, hang up and call the bank’s customer service line to continue the conversation. By calling a number you know will reach the bank, you are guaranteeing a connection with a bank employee.
If you lose a bank card, call a bank branch as soon as you notice the absence of the card. Tell the bank you lost the card and when, and then let the bank employees investigate. In most cases, a bank employee will ask some identification questions and then proceed to ask about your latest purchases. Determining your recent purchases helps the bank clerk determine if someone found and used the card. Some people find that their bank cards were given by a good samaritan, but it is better to prepare for the worst by calling to cancel the account.
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