Undoubtedly the easiest way to protect one’s debit card from theft or compromise is to never open a debit account in the first place.
Debit card accounts, like all financial accounts, need to be protected against fraud and theft.
Learning how to manage finances is an important aspect of development and learning for every teenager and young adult, as the skills acquired early in life will ultimately shape an individual’s financial future.
In terms of popularity, debit cards are now competing with credit cards, and have long surpassed cheques in everyday usage.
After sliding a debit card at a point-of-sale (POS) terminal the cardholder is usually asked whether they would like to process the transaction as debit or credit. Although this may be slightly confusing, since it appears to indicate that the cardholder has a choice to utilise a line of credit, this option simply provides the [...]