Credit cards and debit cards are a popular payment option for
many Canadians. Be sure to take the appropriate steps to protect
your cards – and your credit rating. The following
strategies will help prevent your credit card or debit card from
being misused. Protect your Personal Identification Number (PIN)Guard your cards- Always know the location of your debit and
credit cards. Keep them in a safe place and never leave your cards
in the car or unattended at work.
- Don’t lend your cards to
anyone.
- When making a purchase, keep your card in view
at all times. Watch to make sure it is not “double
swiped” if the merchant swipes your card for you.
- It sounds simple enough, but don’t forget to
take your card after using it at an ABM or to pay
for a purchase.
- Carry with you only the cards you need.
- Never provide your credit card number over the
phone unless you are dealing with a reputable company or
you initiated the call yourself.
Guard yourself- Conduct your ABM and debit transactions when and where you
feel most secure. Watch for debit machines that
don’t look authentic, plastic sleeves where you insert
your card, or suspicious individuals nearby.
- If using drive-through ABMs, keep your doors locked and
close your window as soon as possible.
Be conscious of anyone trying to distract you at an ABM- Finish your transaction before talking to
others.
Check your records, statements and activities- Check your account statements as soon as they
arrive and review your passbooks on a regular basis to ensure all
transactions and charges are correct. Look for extra or missing
transactions and report any discrepancies immediately.
- Review your daily withdrawal limits. If you do
not need a high daily limit, reduce it. This will help to contain
fraud by reducing the amount someone could access.
Report missing cards immediately.- If your card is lost, stolen or is retained by an ABM,
notify your financial institution
immediately.
Numerous organizations are taking part in the war against
fraud. |
