Wednesday, January 21, 2009

Check your bank statement!

The latest payment processing security breach underscores the importance of protecting your identity and staying alert to your account activity.

You probably know exactly when your direct deposit is due to hit your account, but do you know when electronic payments are scheduled? Now is the time to use online banking products that provide instant access to transaction activity. Fiscally responsible consumers keep close watch on their accounts to monitor activity and validate transactions. Directo provides 24/7 real time account information access, as well as monthly account statements. Keeping track of transactions makes you aware when anything unusual appears, allowing you to react quickly.

Protecting your identity

Keep your PIN secret, check your account often, and shred any documents that contain name, address, date of birth, and above all, social security number. While the growing sophistication of thieves means that there is no guarantee that you will always be safe from identity theft, precautions that you take, as well as your bank’s safeguards, will ensure that any attempt will be thwarted before it can do major harm. Keep safe!

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