Attach Only a Transactional Account to Your Debit Card

For many people a debit card is a commonplace financial tool. It reduces your need to carry cash, which can be bulky and time-consuming to check and count when making purchases, and, of course, a debit card is more secure.

However, having a debit card doesn’t mean you should throw caution to the wind. One needs to keep their card secure by developing and practising good habits to limit access to their hard-earned money. Among the good practices to implement is maintaining a transactional account as the only account attached to your debit card.

Depending on your bank, your transactional account doesn’t have to be a chequing account, although a chequing account is ideal for expenses. And with online banking, it’s easy to manage your transactional account by simply transferring to it only what you intend to spend. If only your transactional account is attached to your debit card, then you’ll limit negative impact to your savings, including criminal access.

Transactional Accounts Assist with Managing Your Money

By flowing your expenses through a transactional account, you are better able to track how much you’re spending and even what you’re spending your money on. This can help you to budget your money. With cash, you have to ensure that you keep your receipts every time you spend. Not only is paper bulky and challenging to organise, but you can also lose those receipts easily. In addition, many paper-based receipts these days fade and quickly become illegible.

Open a transactional account today to manage and protect your savings. At many banks, including JN Bank, the process can be done seamlessly online without the need to step into a banking hall.

Remember These General Tips When Using Your Debit and Credit Cards

When using any ABM or making purchases with your debit card ALWAYS:

1. Protect your PIN. Use one hand to enter the numbers and the other to cover while you input your PIN.
2. Observe the merchant or attendant who takes your card carefully. Never let your card out of your sight and watch what they are doing.
3. Monitor text message and email alerts from your bank.
4. Block your card immediately if you receive an email or text about a transaction on your account that you did not make by contacting your bank or using your bank’s designated app.
5. If shopping online, it’s best to use a credit card. Your credit card, unlike your debit card, is not your personal money. Therefore, you’ll limit the impact to your account.
6. Protect your card online. Don’t do financial transactions on public Wi-Fi connections and use retailers with secure websites. Secure websites will display a closed padlock in the status bar, and the URL will begin with ‘HTTPS’, indicating that the webpage uses the SSL or TLS protocol.

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