Know About Irregular Activity
Similar to the last alert, this one also helps prevent fraud. But a hacker who accesses your account doesn't need to change any information in order to sap your funds. That's why banks may also offer mobile alerts that warn you about irregular activity.
For instance, a bank may flag irregular activity when an unusual or large purchase has been made on your account, or a purchase occurred in a distant location from you. That's why you might get a false alarm warning about irregular activity when you travel.
A fraudulent credit card purchase is easier to dispute than debit card fraud. So one of the best ways to protect yourself is to know about irregular activity as soon as possible and ask the bank to freeze the account. Hopefully you won't be a victim of fraud, but the peace of mind that comes with such alerts can be reassuring.
- BB&T. "BB&T Alerts Frequently Asked Questions." (Dec. 20, 2011) http://www.bbt.com/bbt/alerts/alert-faq.html
- Bank of America. "Online Banking Alerts." (Dec. 20, 2011) http://www.bankofamerica.com/onlinebanking/cfm/online_banking_alerts.cfm
- Key Bank. "Mobile Alerts & Text Messaging." (Dec. 20, 2011) https://www.key.com/personal/mobile-banking/mobile-alerts-text-messages.jsp
- U.S. Bank. "Text and Email Alerts from U.S. Bank Help You Stay on Top of Your Finances." (Dec. 20, 2011) http://www.usbank.com/cgi_w/cfm/personal/sub_global/Rib_acct_alert.cfm
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