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It’s important to keep your credit and debit card information safe, whether you’re a business owner or just received your first credit card. For business owners who work with multiple cards and accounts, it can be difficult to keep track of all this information and keep it safe. Stay organized and keep your information secure with these safety tips for using credit and debit cards in your business.
Never Share Your PIN Number
It’s important to watch out for scams involving your business credit and debit cards. Some hackers and scam artists will pose as someone from your bank over telephone or email and ask for your card information. It’s important to remember that official bank employees will never ask for your card information or PIN number over the phone or by email, so never give out this information. The only time you should ever share your PIN number is if you are sitting across from your accountant at the bank. Don’t loan it to friends or employees in-person or online either.
Check Your Statement & Account Regularly
While many banks will notify you immediately when they detect suspicious purchases or activity on your cards, you should also get into the habit of checking your cards as well. Make sure to keep an eye on your statements and check your accounts regularly to check for any fraudulent activity. Nowadays, accessing your banking information is as simple as logging in online, but make sure that you keep your login information safe too. A good practice is to shred old bank statements and other documents after a certain number of years to prevent your information from falling into the wrong hands.
Destroy Your Cards the Right Way
Occasionally, your business credit and debit cards will expire, and you will need to swap them out for new cards. Often, your bank will send you a replacement card in the mail that you will need to activate. But what do you do with your previous credit and debit cards after they expire? Sometimes just cutting up your old card with a pair of scissors isn’t enough to protect it. Make sure that you follow the steps to properly dispose of old credit cards so that your card information stays safe.
Keep your banking information safe and secure with these safety tips for using credit and debit cards for your business. With these tips, you can keep your business’s information safe and save yourself the headache of dealing with frauds and thieves trying to steal from your business.