Stay Safe Online At Christmas - Regularly Check Bank Statements

7th December 2024

Santa's not the only one making a list. Keep an eye on your bank statements for any suspicious activity during the holiday season -
Keeping an eye on your bank statements is crucial, especially during the Christmas season when fraudulent activities tend to increase. Here are some key reasons why you should regularly review your bank statements.

Regularly checking your statements helps you spot any unfamiliar or unauthorised transactions quickly. Early detection allows you to report fraud to your bank and take action to prevent further unauthorised activity

Sometimes, errors can occur in your account. By reviewing your statements, you can catch and correct these mistakes before they cause significant issues

Fraudsters often test stolen card details with small transactions before making larger purchases. By keeping an eye on your statements, you can catch these test transactions and alert your bank

Regularly reviewing your statements helps you keep track of your spending, manage your budget and ensure that all your transactions are accurate

Checking your statements allows you to verify that all recurring charges, such as subscriptions or memberships, are correct and still relevant to you. This can help you avoid unnecessary expenses

By making it a habit to review your bank statements, you can protect yourself from fraud and maintain better control over your finances.