The 5 financial secrets you should never reveal (2024)

FAQs

What card details should I not give out? ›

Protecting against credit card scams

Guard your details: Never give out or write down your bank details or PIN. And if someone asks for your PIN, whether over the phone, via email, or in person, it's a red flag.

Sharing your cardholder name and card number does not pose a security concern, since this information alone cannot be used to carry out card transactions. If you wish to receive money using a card-to-card money transfer service, it is generally safe to share your card number.

Don't share your personal information like Debit card details/PIN/CVV/OTP/Card Expiry Date/UPI PIN, over phone mails/e mail/SMS to anyone even though some one pretending to be bank officials. Your bank never asks for such details to customers. Don't click on unknown links sent to you through SMS/emails.

Avoid sharing sensitive information unless necessary. Be cautious in public places: If you must share your Credit Card information over the phone in a public place, be aware. Avoid discussing the details in crowded environments where others may overhear your conversation.

You may also be asked for your credit card security code when processing a payment over the phone. As with online transactions, it's usually safe to do this — just make sure that no one overhears the details you give out (so avoid public places when doing this).

You can't tell a credit card number by the last four digits. However, you could find a credit card you've saved in an account, such as on Amazon, by the last four numbers. Those are the only digits you'll be able to see when you look at the saved payment methods in your account.

No one can withdraw money or make a transaction if they know your CVV. Someone will need to have access to both your card and your secret PIN to do so. To complete a transaction as well, they will need your secret PIN or the OTP that gets sent to your registered mobile number.

Never give out your CVV when using your credit or debit card in person. Anyone asking for your CVV during an in-person transaction could be trying to steal your information. It's only safe to give your CVV number over the phone or on a secure site. Never give out your CVV when paying in person.

To be clear, a bank won't withdraw funds without your permission for any other purpose than to cover outstanding debts.

The easiest way to become a victim of a bank scam is to share your banking info — e.g., account numbers, PIN codes, social security number — with someone you don't know well and trust. If someone asks for sensitive banking details, proceed with caution.

Can someone use my account number to withdraw money? ›

Can Someone Take Money From My Bank Account With Only My Account Number? Fortunately, a scammer can't withdraw money from your bank account with just your account number. To do so, they'd also need your bank's routing number.

As a result, mobile payment information can be stolen. Mobile payment services are better off being used on private networks, on your carrier's cellular network, or on VPNs. Additionally, people are safer using their own wireless charger or phone batteries than using any public charging station.

If you need to send credit card information to someone, you should do so using a secure method such as a secure file sharing service or encrypted email.

Credit cards may be a convenient way to spend hard-earned money, but they can also make for a convenient way for thieves to steal that money. Credit card numbers can be stolen without your knowledge. Until you spot a fraudulent charge on your monthly statement, you may have no idea your information has been stolen.

Your full credit card number. Your name as it appears on the card. The card's CVV (card verification value) or security code. The expiration date on the card.

Also, you should never share your personal banking details, such as PIN, card number, card expiry date and CVV number (that's the three digit number, which, in Starling's case can be found on the right side of the signature strip).

Card details – card number, card holder name, date of birth and address –- are stolen, often from online databases or through email scams, then sold and used on the internet, or over the phone. This is often called 'card-not-present' fraud.