How CardValet Helps You Control Your Bank Account And Fight Fraud

Sunday, October 13th, 2019
girl holding CardValet debit card

The best way to fight fraud is to be in control. CardValet is a new way to do exactly that. Debit cards can make purchases easy; but if your card information falls into the wrong hands, your bank account can take a huge hit.

You can safeguard your card with CardValet, the mobile app that lets you protect your cards against fraud and theft by receiving real-time alerts to ensure your cards are used only by you.

Here’s what you can do with CardValet after it’s linked to your card.

1. Turn Your Card On And Off

If you’ve ever misplaced your debit card or had it stolen, you know how quickly you have to work to remedy the situation  The money in your account cannot be easily replaced! Your paycheck goes in there and you have bills to pay! With CardValet, you can turn your debit card on and off. This means you can use it and then deactivate it so that it cannot be used anywhere else until you turn it back on.  

2. Receive Alerts 

Be notified in real-time with push notifications sent directly to your phone. You can sign up to receive notifications about pending purchases, denials, and other types of transactions. With CardValet, you’ll stay “in the know” about where and how your debit card is being used.

3. Set Geographic Limits 

This is a great feature that will help protect you against fraud. CardValet uses your phone’s GPS to limit the range where your debit card can be used. If you set the radius to 50 miles, then your card cannot be used to make a purchase beyond that radius. 

4. Set Spending Limits

If you share an account with your family or business, CardValet is a great way to keep your budget on track. You can set a spending limit, where purchases of $100 cannot be made, but you can make a purchase below that amount. This is great for preventing fraudulent charges because they tend to make big purchases.

5. Set Shopping Restrictions

CardValet can be set to where you can limit the types of stores where your card can be used.  Transactions can be reported or denied based on your settings.

Your Membership Matters at BFCU

At Borger Federal Credit Union, we care about the needs and empowerment of our members. We strive to provide members with valuable insight and financial advice. We are able to offer lower rates on loans, and offer a variety of Services at the best possible rates. Call Us today and start enjoying the benefits of membership. You can also Contact Us through email or visit us during business hours to speak to a representative. We are located at 1051 N. Florida Borger, TX 79007.