4 Tips to Avoid The Most Common Debit Card Problems

DOCUMENT ALL PURCHASES
Many people have difficulty when they choose a debit card for their purchases in keeping proper records. This can be problematic in the face of identity theft issues. Therefore, it is important for people to keep all receipts for at least several months after making major purchases. If an individual has access to a traditional checkbook they should see keep transactions in their registry so they can cross reference if money starts to disappear from their account. This is beneficial for individuals who are making a lot of transactions in short amounts of time. The more people choose to document their transactions the easier it will be to protect themselves in terms of identity theft and related issues.

CHECK THE BALANCE FREQUENTLY
People who do a lot of spending often lose track of how much money they have spent. This can be especially true on shopping excursions during the holiday season. Checking the balance remaining on a card that is frequently used provides extra protection to the cardholder. Many banks will not honor suspected theft protection policies if a person is not fast in terms of reporting suspected suspicious activity. The online option of checking card balance means that a person can take the time before leaving the house to make sure they have enough money in their account to cover their purchases. It is never a a smart idea to borrow against money which has not yet hit the account. This can cause problems such as overdrafts.

VERIFIED PROTECTION POLICIES
Users must make sure they understand the fraud protection policies of the lending institution before they start to use their card. Many agencies have lengths of time which a person must wait to get their money back after an investigation. Furthermore of the bank overdraft policies should be carefully considered before signing up for an account. People who are trying to choose a debit card which will protect their interests need to make sure that they have fraud protection as well as overdraft protection on their account and clearly understand any fees and penalties connected with both of these services (see the policy here: www1.uob.com.my/personal/cards/debit/uob_debit_master_card.html). The more knowledgeable person is about how to protect themselves from financial hardship, the easier it will be to deal with any challenges which arise.

ESTABLISHING A PIN NUMBER
Having a private personal identification number will help to protect the card and the integrity of the transactions which take place on the card. Cardholders need to remember that it is dangerous to potentially offer information pertaining to the card to anyone. This means that having a personal identification number is an extra guard against someone having access to the funds on a card. Sharing the information even during emotional difficulties can be tempting however it leads to long-term potential problems. Choosing the number which is different from other cards is is advisable so that a person who gains access to a single card will not have access to all financial information for one person. Choosing a long number which is easy to remember is usually the best bet from a security standpoint.