![]() All transactions made using your contactless card will continue to be monitored for fraud and your purchases are still protected by $0 Liability Coverage, so you won’t be held responsible for unauthorized transactions. ![]() Yes, the safety and security of your account information is of the highest importance. As a result, fraud from skimming is very unlikely and limited in scope.Īre contactless cards protected by fraud liability? Due to the nature of the code and additional fraud protection processes in place, it is difficult to use skimmed cardholder information for fraudulent purchase. Your contactless transactions generate a one-time, transaction specific code. I heard people can “skim” information from a contactless card. Additionally, you will not be billed twice even if you accidently tap your contactless card multiple times on the reader when completing your transaction. You cannot accidently pay with your contactless card as it must be within two inches of the reader to complete the transaction. A one-time code is generated every time a contactless device is used, protecting your payment information and making it extremely effective in reducing counterfeits. Each contactless card carries the same security as your current card. For purchases made over the phone, online or within your digital wallet, the process remains the same. Your card still has an embedded chip and magnetic stripe, so you can continue to use your card as you did before. What if the merchant doesn’t have a contactless reader? The card reader will let you know once your transaction is complete. It should only take one to two seconds to complete your transaction. Simply place your card flat over the symbol and follow the prompts on the reader. You can use your card anywhere you see the contactless symbol. Where and how can I use my contactless card? Each time the card is tapped a one-time security code is created that protects payment information, securely authenticate the card without needing the PIN or signature. Contactless cards use radio-frequency identification (RFID) to communicate with the card reader when it’s held near the reader during a transaction. What is a contactless or “tap to pay” card?Ĭontactless cards use short range wireless technology to let you make everyday purchases quickly with just the tap of your card wherever you see the contactless symbol. Maintain $15,000 in deposits, $25,000 in loan balances, OR $30,000 in total deposit and loan balances. Maintain a daily checking balance of at least $200 and direct deposit or payroll deduction. Maintain a daily checking balance of at least $200. You're free of monthly fees and minimums. ![]() daily balance maintained, otherwise $10/mo. daily balance maintained, otherwise $5/mo. Earn a high rate of interest on your entire checking balance. The ultimate reward for your relationship. The basic choice for earning interest with low minimum balance requirements.Īll the benefits of Regular Checking but with additional rewards for having direct deposit or payroll deduction. The freedom of an all-around easy account with no minimum balance and no monthly service fees.
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