Back on May 13^th we wrote a Financial Friday’s blog about PIN safety. Keeping your banking code and all your finances secure.

This week CTV News reported on a woman who lost her debit card, but never got around to telling her bank. Full story here.

Highlights:

College student Frances Ward said her bank card went missing last fall and she never noticed the activity because she mostly uses her phone to do mobile payments.

Over a week in September 2021, a series of fake cheques were cashed totaling about $13,000, which with interest, the bank said, left them owing more than $14,000.

CTV news story

The lesson here – always report your card lost or stolen. Even if you’re 99% sure it’s just in the car, slipped between the seats. That’s happened to me numerous times. I even dropped my phone on the street one day and it was immediately turned into the Owen Sound police by a Sun Times carrier.

But I still had all my cards changed.

Imagine if all the numbers had been written down BEFORE turning it into the police. I would have assumed all was well and carried on. But could have been the victim of fraud or theft.

We pay enough in banking fees, ask for a new card, have a flag on your account for weird purchases.

It’s annoying and a lot of time out of your day. But it will save you in the long run.

Francesca