Statements Shouldn't Show Card Numbers or Bank Account Numbers
By
Staten Island, NY Posted: 11/15/2015 1:00:00 AM
Shredding credit card statements can't protect you from stolen mail.
It's always struck me as odd that anyone who gets their hands on your mail has access to your actual account numbers Credit card statements normally show the entire card number, and checking account statements show your bank account numbers. If a thief steals your checking account statement from your mailbox, they have everything they need to print checks in your name.
Since it's not easy securing your mailbox, banks and credit card companies need to use an alternate account number on statements. Instead of putting the entire account number, just the last 4 digits would be sufficient. In fact, for checking accounts, there's no reason to even put any of the actual account numbers on the statement. They can use terms like "Primary" or "Secondary" checking, or allow you to assign your own name, such as "expense account".
Joe Crescenzi, Founder
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