Need to change your 4-digit PIN number?

Avatar for geeliz
iVillage Member
Registered: 04-04-1999
Need to change your 4-digit PIN number?
6
Wed, 09-19-2012 - 10:57am

I changed banks last November and have nicely settled in with my PIN# I use at the ATM. Yesterday, I received notice from my bank that they are no longer supporting the "type of ATM card" I'm presently using, so they're sending me a new one that combines MasterCard and Debit card together, which I never use. Whatever!

My "suggested", newly-changed PIN# was mailed at the same time, and the new bank card will arrive later. (I hope I'm not confusing anyone, because I AM!) Banks are always changing their policies, so I'm no doubt victim to their change. I do have the option to change their PIN#....it's the new card and its usage that is confusing me...

At any rate, I ran across this website regarding PIN#'s and how to select a secure one and thought I'd share it with you. It explains the "do's and don'ts" of PIN numbers, and maybe it will help you select the one that's easiest for you..

 

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Avatar for geeliz
iVillage Member
Registered: 04-04-1999
Wed, 09-19-2012 - 11:05am

Well, I notice that the website link didn't work, so I'll post it here. I don't know what went wrong.....grrrrr..

http://www.nbcnews.com/technology/technolog/whats-safest-4-digit-pin-not-8068-anymore-1B5966082?ocid=vt_fbmsn

 

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Avatar for elc11
Community Leader
Registered: 06-16-1998
Fri, 09-21-2012 - 1:34am

My ATM card is debit with the MasterCard function also. It will all come out of the same bank account but you can use the card as a "Mastercard" at places that don't accept debit cards, like maybe a restaurant. A debit (like you might do at the grocery store) comes out of your acct immediately but the MC transactions take a day. They also incur a fee for the merchant, like a regular credit card, so I try to not use the MC  function if possible. When you go to the ATM the transaction will be the same as always. When you're at the store and swipe the card, choose "Debit". If you choose Credit it will make it a MC transaction (and you might have to sign a receipt too) but other than that you won't know anything is different. Its actually good that it is now linked with a credit card company--for international travel it will work at any ATM machine, you don't have to be part of a network like Cirrus. 

And you can change your PIN back to your old PIN if its easier for you to remember and you feel that it is secure enough. You probably will have to go in to the bank to do it though.

Hope this helps!

Avatar for geeliz
iVillage Member
Registered: 04-04-1999
Sat, 09-22-2012 - 8:35pm

Thank you, elc for your explanation of the use I'll need for my new ATM card when it arrives. I'll be certain to use the debit side of the card at checkouts and not the MC portion. 

Since I already have a paid-up mastercard through Sears, is that the MC account where charges will be made if I happen to use the MC feature on this new bank card? I was just wondering, for I'm easily confused about the useage of a bank card, except at the ATM machine itself..

 

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Avatar for elc11
Community Leader
Registered: 06-16-1998
Mon, 09-24-2012 - 2:13am

Any MasterCard "charges" that you make with the debit card will come directly out of your checking account (or savings acct if that is what the card is linked to...but usually people link them to their checking account)---so don't forget to enter it in your check register like any other ATM or debit transaction! The store receipt will say credit, but the money will come out of your bank account about 24 hrs after you make the transaction. It will not appear on a credit card statement, no interest will be charged, it won't have any connection to your existing MasterCard account. I think the purpose of having MC on the card is for when you want to make a transaction at a place that doesn't accept debit cards.

 

Avatar for geeliz
iVillage Member
Registered: 04-04-1999
Tue, 09-25-2012 - 11:53am

Thanks again for your eplanation! It is very clear now and I'm fully aware how to use the new debit/master card when it arrives. I'm presently banking through a credit union and not a regular bank, and I guess this is what was confusing to me. Thanks again!

 

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