'Decking the malls' this holiday season?

The holiday shopping season is in full swing, but while you're busy 'decking the malls' or merrily shopping online, fraudsters (also known as grinches) are hoping to gift themselves your credit card or bank account information.

Fortunately, there are simple steps you can take to protect your personal banking information to reduce the risk and give yourself the gift of peace of mind while holiday shopping:

  • Pay attention to your fraud alerts – Banks are increasingly using text messaging to communicate with their customers. For example, TD Fraud Alerts are texts that notify a customer if TD detects suspicious activity made with their TD Access Card on their personal banking accounts.
  • Protect your PIN and guard your cheques – The only person who should know your PIN is you – not even your bank knows it. Don't ever give out your PIN, whether in person, over the phone, online or by mail.
  • Don't be fooled by phishing – Exercise caution when receiving unsolicited e-mails containing attachments or asking you to click a link and provide sensitive information.
  • Check your statements, online accounts or banking apps regularly – This will alert you to fraudulent transactions more quickly. Money management apps, like the TD MySpend app, can be helpful tools since they help TD customers to be aware of certain types of transactions on eligible TD accounts and credit cards.