Blog Misc 4 Keys Things to Know about Debit Card Security Code

4 Keys Things to Know about Debit Card Security Code

date November 11, 2021 time 5 min read 20255 views

Do you usually use your debit card to pay for your purchases? So, have you ever wondered what’s the security code on a debit card? This post will explain how it prevents you from having your money stolen.

Debit cards are currently one of the most widely used cashless payment methods. You can use it to pay for things like power, water, and internet shopping. Debit cards provide simple access to your bank account and charges made with them are withdrawn promptly from the balance of the linked account. 

The most widely used cashless payment option is debit cards. So, you need to know what's a security code on a debit card before using it.
The most widely used cashless payment option is debit cards. So, you need to know what’s a security code on a debit card before using it. (Source: Pixabay)

However, if your debit card is stolen, or hacked, your account and the money in it may be threatened. So, debit card issuers developed a special security code to protect the funds in your checking or savings account. Let’s look at the 5 keys below to figure out “what’s a security code on a debit card” and how to secure yourself.

What’s the security code on a debit card?

The security code on a debit card is separate from the card number. A debit card security code is a 3- or 4-digit number that is different from the card number, which is a 15- or 16-digit number. 

The debit card security code ensures that the individual supplying information in a transaction actually owns the card. This is especially critical if you are making purchases online or over the phone and can’t produce a signature as confirmation of your authority to use the card.

Where can you find the code?

The debit card security code is often located on the back of the card, to the right of the signature panel. It is displayed in small black characters rather than embossed like your card number. It may also be printed on the face of some cards, to the right of the card number.

What is the function of a debit card security code?

To answer the question of “what’s a security code on a debit card”, you need to know how it works. Debit card security codes are typically simply one layer of protection for card transactions; you may be asked for your code if you make a purchase online or over the phone. The seller is supposed to verify that you are the cardholder or authorized user by asking for this code, as well as your account number and other details. So, you need to have the card in your possession to share this code.

Once a transaction has been authorized, security codes are not stored in any database. This safeguard ensures that card numbers cannot be misused if the seller’s payment records are hacked.

The security code on your debit card keeps you safe while shopping online or over the phone.
The security code on your debit card keeps you safe while shopping online or over the phone. (Source: Pixabay)

It’s crucial to safeguard your debit card security code, as well as your card number and expiration date, because someone could use this information to make a fraudulent purchase with your card even if they don’t have the card in their possession.

Are there any limitations to the security code on a debit card?

While security codes improve the security of your card, they do not eliminate all risks. To keep your card safe, don’t give out your debit card information to anyone you don’t trust, and report to your bank right away if you lose your card or notice any unusual charges. .

Although the sellers are not permitted to store the debit card security code on file, they are not compelled to request it when conducting a transaction. This opens the door to fraudulent conduct by persons who have simply obtained the information found on the front of the debit card.

Phishing is the important key you need to know when defining  “what’s a security code on a debit card”. If you are duped into providing your debit card information as well as the card’s security number on a fraudulent website, the thieves will steal that information. Then, they can use the card over the phone or online until the bank freezes it. So, if you suspect that your code has been stolen, you must immediately alert your bank, credit union, or card issuer.

In addition to understanding how a security code on a debit card works, you should increase the safety of your bank account.
In addition to understanding how a security code on a debit card works, you should increase the safety of your bank account. (Source: Pixabay)

If you knew what’s a security code on a debit card, here are some tips you can strengthen the protection of your debit card:

  • Never reveal your PIN to anyone, and never write it down or take it with you.
  • When making online purchases, reduce using a debit card because a credit card may be safer.
  • Sign up for email or text message notifications that notify you about activity on your account If your banking institution offers them.
  • Check your bills, bank account statements, and credit reports for any indications of fraudulent activity, such as withdrawals or transactions you did not authorize.

Debit cards’ convenience is undeniable, thus they will continue to be developed and widely utilized. The security code on your debit card keeps you safe while shopping online or over the phone. Understanding what’s a security code on a debit card will help you protect your transactions.

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George Schooling

George Schooling

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