“Pen versus PIN”

We love our debit cards. We swipe to pay for purchases at the gas station, grocery store and restaurants. We enter our cards into our digital wallets for convenient payments, and, we pay for plenty of purchases on Amazon Prime. But did you know there is a way to add another layer of security to your debit card transactions?

It’s choosing “pen” (or signing for the transaction) vs. PIN (entering your personal identification number) to approve the transaction.

Note that merchants may encourage PIN transactions because their fees are often less than a signature (or pen) transaction – particularly for higher dollar transactions, which are based on a percentage of the sale. So, you’ll want to choose the credit option first.

A signature (pen) transaction gives you added security.

Visa offers greater protection on all signature-based transactions. This means you have zero liability for any potential fraudulent transaction – and won’t be responsible if fraud occurs. And since you’re not entering your PIN, you reduce the possibility of someone stealing it.

Overall, pen transactions are safer, more secure.

 

Kick Back, Relax, and Let Your Money Work for You

Continue to earn dividends while you are spending time with friends and family – take a look at our current certificate and share rates by logging in and clicking ‘New Accounts’, and then selecting ‘Shares and Certificates.’

 

Check Out Our 2019 Loan Rates!

Looking to purchase a new vehicle this spring? Have some home improvement plans you’d like to complete before summer arrives? We are happy to help! Take a look at our loan rates today – log into Online Banking, click ‘New Accounts’ at the top of the page, then select ‘More Loan Info.’