Mar 12

Tips to protect your bank account

Surely today is a subject to be treated with care. Bank accounts are now forced to have many safety by fear of new tricks that today’s technology provides scammers.

The Federal Reserve of the United States gave five tips that can be useful for the protection of our bank account.

Do not give your account number and your bank routing code to anyone you do not know.

Hand out your account information for transactions only if you are familiar with the company you do business. If you have not had any relationship with a company before, give the account information only in the event that you are who initiates the transaction. Some offenders may ask you to submit information about your bank account number and then withdraw money from your account through a demand draft (sometimes called a “telecheck”), or by electronic funds transfer. They may also ask for your debit card or credit card and other personal information. Do not fall for these fraudulent acts and do not allow yourself to be pressured to accept “free trial offers.” To remove your name from telemarketing lists, register for the National Do Not Call Registry (National Do Not Call (USA)) .

Check your monthly statement.

Make sure all your checks, debits, automatic payments and other withdrawals are ones you authorized. If you notice a transaction you did not authorize, notify your bank immediately. If your bank provides services through its Web site, you do not have to wait for them to send your statement, you can check your transactions online, anytime.

Notify your bank about any problems as soon as possible.

As you tell your bank as soon as you can, about any problems, they can fix it faster. In some cases, your bank may require a written request. Keep copies of any documents you submit to your bank until his situation is resolved. If you think your problem is the result of fraud should contact the Attorney General of your state (in the case of Latin America, complain to their dependence on consumer protection or prosecution of his Republic).

If you do not have enough money in your account, do not turn checks or authorize payments with your debit card.

Currently, checks are processed more quickly, which means that the money will be debited from your account promptly. In addition, many stores and utility companies, insurance companies and credit card convert your check to an electronic payment, which also means that the money will be debited from your account sooner. If you do not have enough money in your account by writing a check, or to authorize a debit card payment, will be in a position to pay the extra cost.

Know your rights under consumer protection laws.

If you have problems with an electronic debit or electronic funds transfer, you have certain rights under the protection established bank in the simulator contract.

I hope these tips can help you for a better financial life.