At one point, debit cards seem to be the most logical thing to have after a series of frightful credit card fraud reports. What in the Earth could possibly go wrong? Considering that debit cards are made more lucrative than ever by offers of zero liability—that is, of course, if you’re able to prove there was an identity theft occurred.
I once stumbled upon this large advert showing a good-looking elderly woman holding a debit card and grinning like it saved her life. Right then and there, I knew those babies are supposed to be the best credit card alternative for those who suffer from senior moments, also called as losing-one-brain-cell-per-second seniors like me.
To some extent, debit cards may help seniors especially for their everyday expenses like grocery shopping or paying online, but it is not without its own loopholes as unscrupulous people are quick to catch up. Here are some tips to prevent debit card fraud from harming you:
•    Beware of skimmers. Skimmers are techie gadgets used to strip your debit card of its most valuable information such as your PIN number. Skimmers are usually attached to the machine where you swipe your debit card. For your protection, never let your debit card out of your sight when paying. If you are using an ATM machine, examine first the slot where you swipe your card, if it looks odd, then don’t use that machine.
•    Make sure that your personal information with the issuing company is updated but never respond to calls and emails asking you for it. Instead go personally to the issuing company and inquire about it. This way, you are sure you’re giving the right people your personal information and not just some scammer waiting to humor you.
•    Stick with ATM machines that are located in respectable areas with good lighting and a nearby security guard, if possible. Machines in these areas are often harder for thieves to set up since they are more exposed.
•    As much as possible, stick to a couple of familiar ATM machines for your withdrawal needs. This way, it will be easier for you to determine if anything is amiss such as sticky buttons or loose debit card slot.
•    In an event wherein your card gets stuck, DO NOT ask for just about any individual standing near or beside you. Instead place a call to the issuing company and report the event without walking away from the ATM itself.
•    Always check your balance. Once you notice discrepancies, report it at once so you avoid being held liable for other transactions from then on.