Keeping Debit Accounts Safe: 2 Simple Tips for Members

In recent years, technology has made it easier for companies to secure the accounts of both their workers and their clients. For years, people no longer had to carry wads of cash in their pockets, as they could just use their debit cards to carry out transactions.

Now, digital payments are also becoming a popular choice in this day and age. The bad news is that, regardless of the payment method, there are still a lot of unscrupulous individuals hoping to get rich quick at other people’s expense. In this article, we will discuss a few tips that you can give to help your members keep their debit accounts safe and sound.

1. Set Up E-mail or Text Alerts for All Activity

Though an empty inbox is a thing to behold, an empty bank account is something much less so. While turning off notifications can cut down on the amount of messages that one receives on a daily basis, some of them can actually be useful. In this case, bank alerts can tip people off in case someone tries to gain access to their debit accounts.

Make sure to let your members know that they can set up their accounts to send out instant alerts whenever any unauthorized individual tries to use their cards. You might end up spamming them a couple of times while the system is getting used to their habits (or it might do so forever if they decide to keep a record of every single instance), but being able to secure their life savings before it’s all gone will be more than worth it

2. Do Not Keep PINs on Phones

A lot of people these days have trouble remembering the passwords to their accounts. Given the fact that they will probably be opening more and more accounts, whether for financial purposes or just for certain websites, they will undoubtedly forget quite a number of them. Despite that, it is never a wise idea to store their sensitive data anywhere on their phone, even if it is probably the most convenient way for them to reference it.

It is also not a good idea to keep their PIN written on a piece of paper and kept in their wallets. If a thief were to get their hands on either of those things, they would get more than just the phone and cash. They would gain access to everything else that your members own, including their debit accounts. In cases like these, the best thing to do is to set a PIN that they would have a very hard time remembering, all without basing it on obvious information such as their birth date or their anniversaries.

While these may seem like things that should be common sense, there are still an unfortunate number of people who have not taken these simple measures to secure their debit accounts. By educating your members on safety precautions, you not only help them protect themselves, but you also protect your entire company as a whole.