Robert Jain: 4 Tips For Choosing The Perfect PIN

By Jason McDonald


Are you planning on applying for a debit card or even investing in bitcoins? If so, you'll have to figure out a PIN that will allow you to access your account. Furthermore, you want to make sure that the number you choose can't be discovered by others. When it comes to selecting the perfect PIN, here are 4 of the best pointers that Robert Jain, not to mention other names in finance, can offer.

First and foremost, make sure that your PIN isn't overly simple. This might be a given, but you'd be amazed by the number of people that go with a number as simple as "1234." Anyone that's looking to get into your personal information will probably go for this number first, which means that you'd be wise to go with something that's more complicated. Reputable authorities on finance like Bob Jain will say the same.

Additionally, you should think about selecting a PIN based on a word that holds some relevance to you. Let's say that, for the sake of argument, that you have a dog. Your pet's name, provided it's 4 letters long, can be easily entered on a phone since they correlate to different numbers. "Nick," for example, would be "6425" on a standard phone. Keep this in mind if you're stumped on what you'd like your PIN to be.

After you've selected the perfect PIN, make sure that you don't share it with anyone. This goes for those you trust as well, family included, since you never know when this information will land in the wrong hands. What this means is that if you're going to ask someone to pick up something from the store for you, it's better to provide them with cash than your debit card. Your financial situation will be better as a result.

When it comes to choosing the right PIN, knowing when to change it is nothing short of vital. You might have been told, if you have an email account, to change the password every few years so that it's less likely to be accessed by someone else. The same logic applies to your PIN, meaning that you should change it periodically if you're allowed to do so. Needless to say, this will keep your bank account safe from those that shouldn't have access.




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