10 Things Your Bank Hides From You
How Protected Is Your Account If Your Debit Card Is Lost Or Stolen?
If we’re talking about loss or theft, your credit card is more secure than your debit card. And this, your banker won’t tell you. Talk to your banker and get details of the security measures they are taking to keep your account protected in case of a mishap. The State bank of India (SBI) has a Card Protection Plan (CPP) to deal with unexpected situations. Find out what your bank has to offer in such cases.
Money In Current Account
People in general try to avoid unpleasant instances such as a cheque bounce. Some people try to avoid such cases at any cost. They tend to keep a large amount in the current account to guard of the risk of a cheque bounce, Which is very convenient for the banks. As otherwise, the same aount might be in your savings account for which the bank had to pay you an interest.
Post Dating Checks Helpful To Prevent Check Bounce?
No. Not always. You may post date the cheque with a date when you expect your account has the required amount. But the cheque you wrote may reach the bank to be cashed before the mentioned date. In that case, it’s a cheque bounce. More problems. So, avoid this tactic as far as possible.
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