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In order to apply for a debit card, you must create a PIN that you can easily remember. There are a few rules that go into this, though, even though they're largely unspoken. Not only do you want to be able to easily recall said PIN without any problems, but you want to make sure that it's complex enough so that others don't discover it. For a better understanding of what this process entails, here are 4 talking points that the likes of Robert Jain can cover.
First and foremost, make sure that your PIN isn't overly simple. This might be a given, but you'd be amazed by the number of people that go with a number as simple as "1234." Anyone that's looking to get into your personal information will probably go for this number first, which means that you'd be wise to go with something that's more complicated. Reputable authorities on finance like Bob Jain will say the same.
Next, you should consider creating a PIN based on a word of importance to you. If you look at the keypad on your phone, you'll see that letters correspond to different numbers. When dialing "pork," for example, it would translate to "7675." This is just one example, of course, but you'd be surprised by how easily it is to remember a PIN when you have a word of importance that you can work from.
Let's say that you have chosen the right PIN; who should you share this information with? In short, no one. Your PIN is your own information to know, and it's in your best interest to keep it to yourself. While you may think that you can trust a parent or sibling with it, there's a good chance that it can fall into the wrong hands as well. Anyone that's experienced in financial matters will tell you that it's better to be safe than sorry.
Lastly, and perhaps most importantly, you'd be wise to change your PIN on a periodic basis if you have the ability to. You don't have to do this every year, per se, but you might want to take part in this every few years. This is a great security measure that many banks recommend. Not only will it help you protect your account, but it will provide you with peace of mind that will help you in your day-to-day life.
First and foremost, make sure that your PIN isn't overly simple. This might be a given, but you'd be amazed by the number of people that go with a number as simple as "1234." Anyone that's looking to get into your personal information will probably go for this number first, which means that you'd be wise to go with something that's more complicated. Reputable authorities on finance like Bob Jain will say the same.
Next, you should consider creating a PIN based on a word of importance to you. If you look at the keypad on your phone, you'll see that letters correspond to different numbers. When dialing "pork," for example, it would translate to "7675." This is just one example, of course, but you'd be surprised by how easily it is to remember a PIN when you have a word of importance that you can work from.
Let's say that you have chosen the right PIN; who should you share this information with? In short, no one. Your PIN is your own information to know, and it's in your best interest to keep it to yourself. While you may think that you can trust a parent or sibling with it, there's a good chance that it can fall into the wrong hands as well. Anyone that's experienced in financial matters will tell you that it's better to be safe than sorry.
Lastly, and perhaps most importantly, you'd be wise to change your PIN on a periodic basis if you have the ability to. You don't have to do this every year, per se, but you might want to take part in this every few years. This is a great security measure that many banks recommend. Not only will it help you protect your account, but it will provide you with peace of mind that will help you in your day-to-day life.
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