Credit and Debit Card Safety Tips

With the rate at which fraud is being committed using credit and debit card, I wish to share this tips with Rich Mind Hub Readers. 


I received this tips from my bank, and I believe most banks do send this tips to their customers. But, if you do not receive regular updates from your bank, you can take advantage of this article and get your card very secured. It is your duty to ensure that you are not defrauded.


Here are the Card Safety Tips:

1. Keep your PIN Secret. 

DO NOT write your Personal Identification Number (PIN) on paper or give it out to anyone, including friends and family, and do not reveal it to anyone over the phone. Avoid using numbers that are easily identified (birth date, phone number, etc.) with your personal identity. Report lost or stolen cards immediately.


My Note: This small mistake has caused so many to loose money. If you make it easy for criminals to have access to your account by using easily identified numbers as your pin like the example given above, they will definitely leave your account balance empty.


2. Review your card account frequently. 

If you notice any irregularities e.g. charges on items you didn’t order, cash withdrawals you didn’t make, etc. Put a call to us immediately to report this. 


My Note: It is easy for someone to purchase item online with your card as the pin is not needed. What is needed to complete a transaction with credit or debit card is the card number and the CVV. When you notice transaction with your card, notify your bank immediate. You can do that by calling their number which they willingly provide to their customer. If you don't have the number, you can request for it from any branch. It is part of your entitlement as customer.


3. Always check your email for transaction updates. 

The email notification service is free and compulsory for the safety of your account. 


My Note: When I opened a saving account in Diamond Bank, Nigeria. I wasn't automatically enrolled in their mailing list. I have to request for that from the closest branch. If you haven't subscribed to receive email update from your bank, you can request for it to get you updated. The essence of doing this is to ensure that you are aware of every transaction that goes on with your account. You can easily detect fraud when you appropriately updated. 

If you are a Guaranty Trust Bank customer, to enrol for this service please call GTConnect on the following numbers: 0700 482666328, 01 4480000, 080 39003900, 080 29002900 OR visit any of our branches near you.


4. Hotlist immediately. 

If your card is retracted at an ATM, be sure to hotlist your card while you are still at the ATM.


My Note: For GT Bank cutomer, to hotlist your card, kindly send ‘HOTLIST<NUBAN>’ to 08076665555.


5. Keep your eye on your card. 

Ensure your card is in your clear view whenever an attendant at a shop wants to swipe your card. DO NOT allow the attendant take your card into an inner room or enter your PIN on your behalf.


My Note: This is a very important precaution which you must observe to ensure that your card is properly secured.


6. Free Trials are not ‘free’. 

If you initiate a trial subscription with a merchant, make sure you go back to the website to cancel your account before your free trial expires. Otherwise, you will be charged by them in subsequent months.


My Note: Some websites engage in this unprofessional way of increasing sale by forcing a product or service down your throat, through the FREE Trails offer. You have to understand that nothing is free. They will ensure that they have your card information. While they do not deduct your account immediately, you can forget when the free trial will expire and this will give them the legitimate right to tamper with your card information. You have to be very careful with this.


7.Read the Terms and Conditions 

Carefully Read the Terms and Conditions when making reservations as some reservations are non-refundable. Make sure you cancel your reservation on or before the due date to prevent no-show charges if you do not show up.


My Note: Lack of Knowledge is  not excuse. Your safety is in your hands. 

Keep yourself safe. SHARE this with your Friends.

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