Debit Card Rules: In today's digital age, debit cards have become a daily necessity, but a small mistake can empty your bank account. It's important for everyone to know about seven common mistakes made when using a debit card. These mistakes include neglecting card security, transacting on free Wi-Fi, and ignoring phishing messages and transaction alerts. By taking these important precautions, you can keep your money safe.

Debit Card Rules: Debit cards have become an integral part of our daily lives today. From purchasing kitchen supplies to online shopping and bill payments, they are used almost everywhere. Withdrawing cash from ATMs is common. This not only simplifies transactions but also eliminates the hassle of carrying cash in your pocket. However, if debit cards are not used carefully and wisely, this convenience can drain your bank account. People who use cards are often unaware of the mistakes they inadvertently make. There are approximately seven such mistakes. Let's explore these seven mistakes that should be avoided.

1. Ignoring card security

The biggest mistake debit card users make is taking their card security for granted. Many people write down their PIN, give their cards to others, or are careless at ATMs, which is a direct invitation to fraud.

• Never tell your PIN to anyone or write it down anywhere.
• While entering the PIN at the ATM, make sure to cover the keypad with your hand.
• If the card is lost or stolen, immediately inform the bank and get the card blocked.

2. Ignoring bank statements and information

People often delete messages, emails, or statements from their bank without checking them. This habit can prove costly. Regularly checking your transaction history and bank statements can help you quickly identify any unauthorized transactions. It's best to enable SMS and email alerts for every transaction to keep track of all activity in your account.

3. Transact on free Wi-Fi

Free Wi-Fi at malls, railway stations, or cafes can be as convenient as it is dangerous. Free networks are easy targets for cybercriminals. Online banking or card payments on such networks can lead to the theft of your personal information. Always ensure you conduct transactions only on personal mobile data or secure networks.

4. Not taking transaction alerts seriously

Today, almost all banks send instant notifications for every transaction. These alerts are the first line of defense for your account. If you ignore them, a fraudulent transaction may go undetected. Read each alert carefully and contact your bank immediately if you notice any suspicious activity.

5. Fall victim to phishing scams

Messages like "Your account will be blocked," "Update KYC," and "Click on the link" have become commonplace these days. Cybercriminals use these to steal your card details. It's important to note that banks never ask for your PIN or OTP over the phone, SMS, or email. Never click on unknown links. Verify any suspicious calls or messages directly with your bank. A small mistake could wipe out your entire bank balance.

6. Not checking the balance regularly

If you don't know how much money you have in your account, you're bound to end up with overspending and unwanted charges. Regularly checking your balance can help you control your spending and catch any fraudulent transactions quickly. Check your balance at least once a week using your mobile banking app.

7. Not updating new card information

Many people forget to update their old details on OTT apps, e-commerce sites, and auto-debit services after receiving a new debit card. This can lead to payment failures and disruptions to essential services. Therefore, update your card information on all platforms immediately upon receiving your new card.

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 PC:PRabhat Khabar