Financial Experts Advise Against Using Your Debit Card in These 3 Locations
How often do you think about where and when to use your debit card? While you might believe that following best practices can keep your card safe, it doesn’t always guarantee complete protection. Some places and times are simply not ideal for using these cards.
Instead of risking your debit card’s security, it’s better to be cautious. Here are three situations where it’s best to avoid using your debit card.
**Sketchy Websites**
You’ve found a great deal on something you want to buy, but the website looks suspicious. Even if the products or services seem tempting, don’t risk your security by using a debit card. Any website or service not backed by a reputable company should be avoided. If you need to shop, stick to well-known and trusted websites.
**Via Email or Text**
Scammers often use emails and text messages for phishing. You might get a message from a company you know or someone you recognize, like your boss, asking for your financial information. They might claim they need it for a gift or to unlock your account. Always verify the recipient’s identity with a trusted source before sharing your debit card details via email or text.
**Isolated ATM Machines**
You’ve probably seen ATMs in odd places like hair salons or convenience stores. Whether it’s daytime or late at night, it’s risky to use your debit card at these machines. Avoid using ATMs that aren’t inside official bank branches, as they can expose your account to fraudsters who exploit unencrypted data on public networks.
**Best Advice: Use a Credit Card Instead**
Shawn K. Lane, CEO of Financial Renovation Solutions, Inc., suggests using a credit card instead of a debit card. Credit cards offer better fraud protection, help build your credit, and provide rewards like points or cash back. Unlike debit cards, credit cards can help you build credit and earn rewards on purchases. Use a credit card like a debit card, and with online banking and smartphone apps, you can pay your credit card statement daily if you choose. Track your charges and ensure you don’t spend more than what’s in your bank account to pay it.