Has your debit or credit card been hacked? Were there any suspicious charges on either card? Did the financial institution holding the card call you to let you know there had been a breach? The Enterprises TV show offers debit and credit card safety reminders for readers.
Nothing is as alarming as swiping a debit card to purchase something minor when the charge is rejected. Now imagine that you check your account balance and payments via phone or online to learn that there are unknown charges in faraway places totaling hundreds of dollars. And the financial institution never called you to warn you of the fraudulent charges.
The digital age we live in now lends us to use more websites and apps to buy what we want and need. But it also leaves us vulnerable to having our cards hacked. The following suggestions might be useful when making every day purchases or when traveling:
- Withdraw cash from your bank branch ATM. Be sure to use one which is near the main entrance and avoid those located near the back of the building. Get enough cash for the week.
- Use cash for gas and meals instead of debit or credit card charges. Smaller businesses are less likely to have a more secure terminal, and gas station pump terminals are prime spots for the “skimming” devices. If you have to use a card to get gas, go inside and use the one at the counter.
- Ask banks and financial institutions what their process is when they find suspicious charges on a personal account. Do they cancel the card ASAP and call the card holder? Enterprises TV notes that most banks do shut the card down immediately.
- Ask banks how they send a new card to the card holder? Is it sent via U.S. Postal Service regular mail, overnight delivery with a tracking number or via overnight courier such as Fedex?
Debit and credit card safety is not just the bank’s responsibility. We must work together to ensure accounts are free from breaches and our money is secure.