Lower Your Risk When Using a Debit Card

Debit cards may offer convenience, but it’s important to remember that they also carry a certain amount of risk.  Because a debit card is directly linked to your bank account, money is immediately withdrawn from your account when you make a purchase.  While security measures are in place to curtail debit card fraud, you can help lessen the risk. 

If you prefer the convenience of a debit card, it’s important to exercise caution.  The more you can do to minimize your risk, the better.

We recommend that you use credit cards for Internet/Online transactions.  The same holds true on transactions made by phone or for mail purchases from companies that you don’t know and trust. In addition to greater liability protection when using your credit card, you have greater legal protection if goods are defective or don’t arrive.  

Check your bank statement when it arrives.  Keep in mind that a stolen card or card number can be used without your PIN.  It’s an even better idea to enroll in online banking so that you can check your account daily, particularly if you make frequent transactions using your debit card. 

Introducing MasterCard SecureCode presents added online security that’s quick, simple and personal.
It’s a new service to enhance your BankGreenville MasterCard account.  A private code means added protection against unauthorized use of your card when you shop online.  For more information go to our website:  www.bankgreenville.com  and click on the mastercard secure icon.

Immediately notify BankGreenville if there are any suspicious charges on your account.  It is always safer to notify us immediately to cancel use of the card than to risk debit card fraud.  Make sure that we have your current phone numbers on file, so that we may contact you immediately if there is a problem.

If your debit card is ever stolen, contact us as soon as you find out. The Electronic Funds Transfer (EFT) Act, which banks must adhere to, outlines your protection against debit card fraud.  If you notify us within two days of learning of an unauthorized withdrawal, your liability is limited to $50.   However, if you wait longer than two days to report the incident, your liability can be as much as $500.  If you do not report an unauthorized withdrawal that appears on your bank statement within 60 days after the statement is mailed to you, the risk could be unlimited. 

Contact numbers:

Client Services   864-335-2200
Lost or Stolen debit cards may  be reported
24 hours a day, 7 days a week
This service will freeze your card from further transactions.
If you don’t have the card number available – give them your name and address