How to avoid losing money via swipe/debit card scam

Time and time again you hear horror stories of persons, whose accounts have been wiped out due to scammers gaining access to persons pin numbers, then using this to make card then having a field day.

In the world of technology we all want convenience and that is what swipe card offer, but there are inherent dangers in this convenience that we need to understand then mitigate against that.  If you have a single account in your bank and all your money is in that single account, you are in grave danger should someone gain access to your bank card that is linked to that account.

Here is a way to avoid that problem

1.  Approach your bank and indicate to them you want to open a second account.
2. Tell them you need online access but does not want that accounted pinned to your swipe card
3. Allow your salary and other major income to go to this second account.
4. Move only the funds you need from this second account to the account pinned to your swipe card.

Now if for some reason your card has been compromised, you will limit your exposure to thieves to only the amount that is left in that account after your transactions.

It does not prevent you from being taken by a thief, what it does however is to limit your losses.