If there are advantages and benefits of using Bank ATM cards, there are some potential risks associated too. Here are some guidelines, if followed you can avert or minimize the risk of debit card frauds:
- As soon as you receive your card, sign at the back.
- Keep the card safe to guard against loss or theft – just like you would keep your cash, credit cards or jewelry.
- If possible, carry credit cards and debit cards separately from your cash wallet
- If you lose or misplace your ATM debit card, immediately notify your bank.
- Choose a PIN number which is different from your house number or birthday so that it is difficult to guess by a hacker.
- Never share your PIN number with anyone and also do not write it somewhere. Just memorize it.
- Keep receipts of all transactions done through your ATM debit card for your records and future reference.
- Periodically you should check your statements and if you find any discrepancy then take up with your bank immediately.
