Now that you've learned about Understanding Interest and Managing Your Checking Balance, it's time to sum up our series on checking account basics with a few words on the importance of checking account security.
While it's hard to avoid what seems like daily news of identity theft, it's actually quite easy to reduce your risk with some common sense and a few pointers about checking account security:
- If it's private, keep it secure: This seems like an obvious place to start, but unless you're vigilant about keeping your private information secure, you may give someone access without realizing it. If you don't need to carry a certain credit card every day, don't. If you don't need your checkbook except once or twice a month, don't leave yourself open to the risk of losing it. Keep it and other personal information locked away until you need it. It's the simplest way to look out for your checking account security.
- Use online banking: If you don't have printed statements, they can't be stolen, period. Online banking gives you the power to manage your account at your convenience and also provides an early warning for additional checking account security and peace of mind. When you log into your account on a consistent basis, you're more likely to spot suspicious activity in a timely manner.
- Keep your Debit card and PIN secure: it may be hard to leave home without this convenient lifeline to your funds, but keeping the card itself and its PIN safe is relatively straightforward. Don't share it with anyone and use ATMs with caution.
Implement these and other prudent practices to help keep your financial information secure. Learn more by visiting Allybank.com or call live, 24/7 customer care at 877-247-ALLY (2559) today.
Ally Bank, Member FDIC