Tips to Protect Yourself Against Bank Account Fraud
Everyday an amazing number of people fall pray to bank account fraud. The fact is, unless care is taken, it can happen to anyone. This article provides some tips to protect you against bank account fraud.
Protect Your Information
The first, and most basic, tip is to protect your important personal information. That means to store securely any personal information that could be used to gain access to your bank account. This means more than protecting a sheet of paper with the vital information for your account. You should keep protected and secret every piece of information that might be used to gain access and entry into your account.
If you keep account numbers in your computer, or on your cell phone, they should be kept in an encrypted file. Your personal computer should require access by use of a password that is at least eight characters long. That password should include upper and lower case letters, numbers and at least one special character. You should not use the same password on your computer, your cell phone and individual documents.
Guard Against Scams
Remember that few things in life are free. If someone offers you something for nothing or something that seems too good to be true, it probably is too good to be true. Beware of giving out any of your personal information to anyone you do not know, especially if they have approached you unexpectedly. There are many offers that come by Internet or mail offering apparently innocuous things that could be interesting. Do not give out any of your personal information to these contacts. If you receive a letter, or email from an unknown address, the best thing you can do is discard the mail and not respond.
Criminals have spent lots of time studying how to get information, one piece at a time, until they have enough to approach your bank and take your money. One way criminal elements get into your bank account is when they offer something useable for a fair price. They get you to provide your information, including your bank account, or credit card number and then bill you every month. Usually buried deep in the fine print of the agreement you checked, without reading in full, was a declaration that they could charge your account each month until you informed them in writing to stop.
The bottom line is to avoid giving any information to anyone on any transaction unless you are the one that initiated the transaction. Only buy things online from major, well known, Internet sellers, such as E-bay, Amazon. Be wise and never expect something for nothing. The only things you can get for nothing is having your bank account emptied when you can least afford it.