By MH Staff - Posted on 11th February 2014
Protect yourself from a bank heist with these debit card and credit card defenses.
That four-digit PIN is fairly easy for a "shoulder surfer" to grab. To throw off prying eyes in a checkout or ATM line or while you're filling up at a petrol station, do this: pretend you're pressing more numbers than you really are, hovering your finger over some keys and actually pushing others.
If you're dining out, adjust your tip so the final amount is rounded to the nearest dollar. That way, if someone at the restaurant is illegally charging you change, you're more likely to notice it on your bank statement. Do the same for gas purchases to flag penny robberies or stolen cards. Fraudsters usually deal in smaller purchases – a modest R50 petrol charge or a R150 online transaction, not an ostentatious R12 000 couch.
When making Internet purchases, use a credit card, not a debit card – you’re more likely to be insured against online theft on your credit card – mostly because the credit is your bank's money, the bank will be the one hunting down and reclaiming the stolen dough. If it were a debit card, your purchases would have less protection and you'd have to pursue the lost money on your own time.