When you use your card, keep a watchful eye on the person handling your debit card when you pay for something to prevent them from stealing your card information. This is a common scenario with debit cards and it is simply better to be safe than sorry later on. Take note of your card’s liability policy as well. This is to ensure that you have adequate protection from fraudulent charges. The thing with fraudulent charges is that you can only be protected if you use signature debit cards and the like so consider this aspect when applying for debit cards.
Know which type of debit card you have, and ask your bank whether you have a choice. Some consumers have complained that the bank changed their ATM card to a debit card that does not require a PIN without letting them know. Always protect your ATM card and keep it in a safe place, just as you would cash, credit cards or checks. Do not leave your debit card lying around the house or on your desk at work. If your card is lost or stolen, or you suspect it is being used fraudulently, report it immediately to your bank. If your card is lost or stolen, close your account and ask your bank for a new account number and PIN. Hold on to receipts from your debit transactions. Don’t throw them in public trashcans or even in your own trash without first shredding them. Crooks are known to “dumpster-dive” for documents that have account numbers and other personal information. Memorize your PIN and do not write it on your card. Don’t choose a PIN a smart thief could figure out, such as letters corresponding to your birth date or your phone number. Never give your PIN to anyone, keep it private.