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.
To start off, you should select a PIN that is relatively complex. You don't want to go with a number that's difficult to remember, of course, but it's equally important for it to be easy to recall whenever you're shopping. Needless to say, "1234" is not going to be a suitable PIN. Create one that you know will be less likely to be figured out. This is just one of many pieces of financial advice that names such as Bob Jain can offer.
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.
To start off, you should select a PIN that is relatively complex. You don't want to go with a number that's difficult to remember, of course, but it's equally important for it to be easy to recall whenever you're shopping. Needless to say, "1234" is not going to be a suitable PIN. Create one that you know will be less likely to be figured out. This is just one of many pieces of financial advice that names such as Bob Jain can offer.
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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Please contact Bobby Jain if you'd like more financial advice.. Check here for free reprint license: 4 Ways To Determine The Right PIN, By Robert Jain.
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