BANKING AFFAIRS

Detailed explanation-1: -Indeed, experts say, paying by debit or credit card tends to be the safer bet. Checks can be forged, and identity thieves could lift your personal and banking details straight from a paper check.

Detailed explanation-2: -By and large, credit cards are easily the most secure and safe payment method to use when you shop online. Credit cards use online security features like encryption and fraud monitoring to keep your accounts and personal information safe.

Detailed explanation-3: -In general, paying by check is fairly safe, thanks to measures like watermarking and specialized check backgrounds. However, you may be more at risk of theft and fraud if you’re still using this payment method. That’s why financial experts recommend paying with your credit or debit card instead.

Detailed explanation-4: -A cross cheque is safer as compared to a bearer cheque as it is crossed i.e, has two parallel lines either on the whole cheque or top left which tells the banker that it cannot be encashed over the counter.