The Risks Of A Digital Debit Card
April 19, 2022
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1:07Now PlayingThe Risks Of A Digital Debit Card
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as posted by the channelWe live in a world where everything is becoming digital even your debit card. Check out the video to learn more.
Welcome back to Bold TV with Paige Taylor. Be sure to like, comment, and subscribe to Bold TV for all things Bold.
For many people, their card is now stored on their phone. It's as simple as tapping their phone against a machine to pay for their coffee or groceries. How safe is this, as convenient as it may appear?
Your card is now gone if your phone is lost or stolen. Because you can't put all of your eggs in one basket, having a physical debit card with you can help. If something occurs to your phone, it could be hacked, giving someone access to your personal information.
In most cases, online banks will compensate you for your losses. However, if your account is hacked, having some actual cash on hand may be beneficial. Having a physical debit card or some cash is always a good backup plan, even if these online services are convenient.
Would you want to ditch your card and only have it on your phone? Have you already switched over to digital? Let us know in the comments below.
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