According to the Pension Fund, more and more Ukrainian pensioners are receiving their payments on bank cards. This simplifies their daily lives, allowing them to conveniently pay for goods and services, settle utility bills, and avoid queues at banks. However, this practice is not without risks that require attention.
Loss of pension and fraud
According to the fund, if a card is not used for six months, the bank may block the account. Therefore, it is recommended to perform transactions at least once a month. It is important to be aware of the risks of fraud, otherwise one may fall victim to scammers who extract money or personal data.
Choosing between cash and card
Cash is always available and does not depend on the operation of technology, but it carries the risk of theft. A card is convenient for daily use, but also requires attention to security. Experts advise combining both options – keeping part of the money in cash for additional security and the other part on the card for convenience and the possibility of benefiting from bonuses and interest.
Ukrainian pensioners are increasingly receiving their pensions on bank cards, which helps simplify their daily lives. However, this also requires attention to security and the risks associated with fraud, so it is important to follow the advice of professionals regarding the use of funds.