Your bank account details and debit cards are important information that should not be treated with a lethargic attitude but with the utmost care. If this data or cards accidentally falls into the wrong hands, you not only risk losing your money, but you can also get involved if this data is used to commit crimes.
Cases have been reported of change card where unsuspecting individuals have been robbed of their debit cards in the name of being helped at the ATM, while some have lost huge sums to robbers who stole their debit cards or mobile phones.
Despite the increase in awareness of these fraudulent acts, it is still surprising that some individuals still fall victim to these fraudsters. That’s why this article was written to help you protect your bank account information and debit cards.
To ensure the security of your bank account information and cards, below are security tips to follow.
1. Block your cards immediately if you lose them or notice unsolicited debit alerts
The chances of losing your cards, whether through robbery or other means, cannot really be eliminated. In such cases, it is best to block the cards immediately to protect your account.
If you see a debit warning(s) that you have not executed, make sure to block the cards immediately as this could be an indication that your bank account information has been tampered with.
If you have a smartphone, you can easily do this with your banking app and if not, there are codes that allow you to block an account or cards when they are called.
2. Be very careful when using POS
No one can be trusted and that is why it is advisable to use of cash register as much as you can. Some of these POS operators are dishonest individuals who are always looking for means to outsmart those who patronize them.
These persons can clone your map using a map skimmer. According to information technology experts, the card skimmer allows the fraudster to capture and record all the data on the ATM card. The card skimmer is placed on any machine that accepts debit or credit cards, such as ATMs or POS machines. When an unsuspecting victim inserts their card into the skimmer, the data is recorded on the card.
To protect your bank account information and cards, you should avoid using POS and if you must use it, be very careful and vigilant.
3. Avoid online purchases on unsecured sites
With the widespread use of online purchasing platforms in today’s society and the proliferation of websites where you can use your card details for online transactions, certain individuals have become victims of fraudsters for using their card details on an unsecured website.
To protect your bank account information and cards, make sure you confirm that the website you transact on is secured and verified.
4. Never reveal sensitive details like your BVN to anyone
Anyone who has access to your BVN can access almost if not all of the details about your account. Therefore, to protect your bank account information and cards, do not disclose your BVN to anyone, no matter how close they are to you.
Beware of scammers who call and pretend to be officers of your bank. No bank will ever call you to ask for your personal information, including your BVN.
5. Avoid saving your BVN and other sensitive details as contacts on your phone
Storing your BVN and other sensitive banking information as contacts on your phone is one way to put your bank account at risk.
Contacts such as my BVN, my card pin, my account information and so on should not be found on your phone. In cases where you lose the phone to a fraudster, that stored contact gives them unrestricted access to your bank account information.
If you want to save your data on your phone at all, you can save it to your drive and not make the contents of this file obvious by saving it with titles like my account info, my BVN, my PIN, etc.
6. Visit your bank immediately you will lose your phone if you use USSD or mobile apps
For individuals using mobile apps or USSD for their banking transactions, another way to secure your bank accounts or card details is to immediately report the loss of your phone to your bank. This is so that they can block withdrawals from your account through any of the platforms.
7. Don’t reveal your card’s PIN to people
Disclosing your card to almost everyone around you and sending different people to help you withdraw money from the ATM or POS is not secure and puts your bank accounts at risk.
To protect your bank account information, the maximum number of people who can access your PIN should not exceed three and should be trusted.
8. Avoid patronizing fraudulent schemes
It is a known fact that everyone wants to make money, but trying to get this money through obviously fraudulent schemes can hurt not only you but also your bank account.
Avoid patronizing programs that are too good to be true or that offer faster means to double your investment in no time. Doing so will protect your bank account information and cards and prevent you from losing your hard-earned money.
Securing your bank account information and cards is a decision largely depends on you, following the steps above will help you to lose your hard earned money to scammers due to careless decisions or ignorance.
As a bonus for reading the article to the end, check out how to identify fake bank alerts
ALSO READ FROM CRYPTOGIST