Americans are relying more on their debit cards now than ever before, and as economic times worsen; fraud is noticeably on the rise. The current type of fraud that is most popular is called “skimming”. Thieves set up equipment that capture magnetic strip and keypad information when you input your PIN into ATMs, gas pumps, retail stores, etc.
To prevent yourself from becoming a victim of fraud, the following precautionary steps should be taken:
- When pumping gas, don’t type your pin at the pump; swipe your card as credit.
- Stick with ATMs located in the Neches FCU Network.
- Closely monitor your bank account online. Don’t wait for your statements to come in the mail. Check your bank account regularly to track your spending status and detect any suspicious activity.
- Never lend your card to anyone.
- Never sign a blank charge slip. Draw lines through blank spaces on charge slips above the total so no one can change the amount.
- Never put your account number on the outside of an envelope or a postcard.
- Always be cautious about disclosing your account number on the telephone or online unless you know the person you’re dealing with represents a reputable company.
- When you go out, carry only the cards you expect to use that day. If your wallet or purse is lost or stolen, it minimizes your loss and the resulting headache.
- Keep your receipts so you can reconcile the charges on your bill.
- In a safe place separate from your cards, keep a record of account numbers, expiration dates, and phone numbers of each issuer to report a loss quickly.
For more information on how you can use your debit card safely, visit www.ftc.gov.