ATM also known as debit card has simplified the way of performing banking transactions. ATM is issued by the bank to each account holder. The need to visit bank for small bank transactions has been completely eliminated with the use of ATM facility.

ATM card can be used not only for withdrawing cash, but can also be used for making direct purchases. ATM card is issued with a Personal Identification Number (PIN). It is advisable to change the PIN originally provided by the bank. PIN can be changed by using issuer bank’s ATM.

Let us Discuss Six Important Ways To Keep ATM Card Safe

a) Carry cards With Minimum Limit:

You may be holding multiple accounts with different banks. As a result you may have multiple ATM cards. Though it feels good to have so many cards, it is advisable to carry minimum cards in your wallet.

Also in case you withdraw small amounts (in a single day) using your ATM, it is preferable to carry a card that has minimum withdrawal limit. Different cards may have different limits.

For Instance, a particular bank’s ATM card may provide you with a withdrawal limit of $ 5,000 while another bank’s ATM card may allow you to withdraw only $ 2, 000 in a single day.

b) Avoid Writing PIN:

To perform transactions with ATM card, you need to enter PIN. Without PIN, it becomes difficult for anyone to use the ATM card. It is advisable that you should memorize the PIN.You should never write PIN in a diary or on a piece of paper which you carry in your wallet.

In case your wallet gets stolen, the perpetrator will get all the information required to misuse your card. You should also avoid storing PIN in your mobile phone.

c) Avoid Sharing PIN and ATM Card:

You should always avoid sharing PIN and ATM card with other people. Though you may avoid writing PIN on a piece of paper, it is quite possible that your friend may write it somewhere in order to remember it.

d) Check Your Wallet/Pocket Twice:

Even though you may have obtained your cash and ATM receipt, you should always check that you have kept your ATM card back in your wallet or in your pocket.This way possibility of leaving ATM card at ATM machine is completely eliminated.

In case you are not able to locate the ATM card, you should immediately call on bank’s customer care number and request that your ATM card should be blocked with immediate effect. Further you can place a request for issuance of a new ATM card.

e) Don’t Boast Of Your ATM card Limit:

Never speak about your ATM card limit in front of anyone. No matter how much limit you enjoy on your card, it is always preferable to keep it a secret.

f) Make Purchases With Caution:

While using ATM card for purchases, you should enter your PIN carefully. Never share it with the merchant. Again check twice that you have collected your card before you leave the shop. While ATM card may have limits on daily cash withdrawal,there is no restriction on the amount of purchases that can be made with the ATM card.

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