How to be Vigilant about Your Debit and Credit Card Use

posted 10/1/2014 in General

A few helpful tips for staying vigilant when using your debit card and credit card

Living in the age of technology is great, isn’t it? We can do so much more electronically than we could three or four years ago, and it makes life so much more convenient. When it comes to our money, using actual physical money is being replaced by debit and credit cards.

However, as the number of transactions using these marvelous plastic cards has increased, so has the number of criminals trying to use the convenience of our cards against us.

From card readers attached to ATMs to hacking campaigns designed to steal your information, it seems crooks will stop at nothing to get their hands on your money. However, you can fight back by taking precautions. Try these tips to protect your debit and credit cards.

Look before you swipe- crooks have become adept at attaching card readers to often-used card slots that store your card number and information. Keep an eye out for these when you swipe your card at the gas pump, public ATM, or grocery store.

Just say “no”- if you ever get an email, phone call or text from someone claiming to be from Lincoln Savings Bank or another financial institution asking for your card or account information, you can bet your bottom dollar it’s a fake. Contact Lincoln Savings Bank yourself to validate any communication like this that you receive.

Review your statements- there’s a reason you receive monthly account statements. Review them every month for fraudulent charges and be sure to contact LSB if there is anything suspicious.

Review your credit report at least once a year- you get one free review every year from each of the three major credit reporting bureaus. It may seem like an inconvenience, but it is minor compared to the inconvenience of dealing with fraudulent charges or a stolen identity.

When it comes to using your credit and debit cards, err on the side of caution. If a situation seems too good to be true or a little fishy, walk away.

Most importantly, you can always speak to a staff member at Lincoln Savings Bank to learn more about how we protect your account information. Call or come by any LSB office today!

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