Even with all the information out there about keeping your finances secure, that doesn’t stop debit card fraud from happening. Thieves develop countless ways to steal money from unsuspecting victims. That’s why 25% of consumers said that they experienced debit card fraud during 2020.
Luckily, there are some things you can do to protect yourself from debit card fraud. Keep reading to learn how to take debit card fraud protection seriously.
Review Your Statements
One of the most significant issues with debit card fraud is that it happens for extended periods. People don’t spend the time needed to check their monthly statements. Because of that, debit card fraud goes unnoticed.
Make it a habit to check your account history to check for any unauthorized transactions. You can’t always prevent all debit card fraud, so you need to ensure you catch it before it gets out of control.
Check this page to learn more about tracking your financial activity.
Be Careful Online
It’s no surprise if you’re using your debit card to make online purchases. The internet makes buying products easier than ever. However, not all sites store your debit card data safely.
Try to stick with trusted websites when you make online purchases. If you want to buy a product from an unknown site, check other online resources to see what experiences other customers had with that site.
Additionally, make sure that the site is secure. You should see a lock in the address bar that tells you that a website is using SSL. Don’t put sensitive data into any website without that lock.
Watch for Card Skimmers
Card swiping isn’t always safe. If you use your debit card at an unattended debit card reader like the ones at a gas station, you run the risk of encountering a card skimmer.
A debit card skimmer will steal your card information when you swipe your card. In most cases, you won’t even notice a skimmer attached to a machine. They blend in and aren’t noticeable unless you’re looking.
The good thing is that skimmers are attachable components. Check a debit card reader for any attachments before you swipe your card. If nothing is attached, then you’re usually good to go.
Destroy Your Documents
It isn’t always enough to throw your debit card statements in the trash. Those documents contain sensitive information about your accounts. Anyone can look through your garbage and get that information without much work.
Before you throw your statements away, put them into a paper shredder. By doing this, you make it almost impossible for someone to get your information from the trash.
Better yet, opt for electronic statements and remove paper statements from your life.
Debit Card Fraud Can Happen to You
It’s easy to get complacent when you’ve never suffered from debit card fraud before. However, you can’t be too careful with all the card fraud happening in the world. Make sure you use the tips above to keep yourself safe against fraud charges on your debit card.
Do you want to learn more tips that will help you improve your financial life? Head back to the blog to learn more.