Did you know checks maybe one of the oldest forms of payments, but they are also one of the most insecure methods used today.
Checks contain personal and valuable information that can subject you to identity theft, or any kind of monetary theft that leaves your personal information susceptible to fraud.
Let me break it down for you:
Checks not only have account numbers and addresses, but they also contain one key element, your signature.
In the event of identity theft, the thief can easily transfer your information from one check to another, leaving your money and information at their disposal.
So What is the most secure form of payment..?
The best alternative to writing checks or swiping your debit card, is by credit.
Believe it or not, credit cards are the most secure forms of payment with extra benefits such as cash back perks or airline miles. If an identity thief were to happen to get ahold of your credit card account number, the credit card company would reimburse you for all purchases that were not authorized by the account holder, where as banks cannot always provide that assistance.
Credit cards are the most secure form of payment with rewards that could even save you money, so next time you think about writing a check for a payment, think again..because that payment may not be the only money that will be coming out of your personal bank account.
Questions, comments, or concerns?
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