Bangladesh Bank's warning regarding debit or credit cards

Bangladesh Bank has said that converting debit or credit plastic cards to metal is risky. The central bank has issued a warning message in this regard.

A message posted on Bangladesh Bank's official Facebook page on Thursday night said that it has recently been observed that some unauthorized third-party organizations are tempting customers to convert their debit or credit plastic cards into metal cards. In this process, customers have to share sensitive information including card number, expiration date, CVV with the organization, which is very risky.

Bangladesh Bank said that these institutions are not authorized by any bank or regulatory authority.

Bangladesh Bank has disclosed the risks involved in converting debit or credit cards to metal.

They are: (a) risk of fraud due to leakage of confidential card information; (b) possibility of unauthorized transactions; (c) financial loss to the customer and disruption of information security; (d) increased risk in overall card management.

The central bank has requested all customers to refrain from providing card-related information to these unauthorized institutions or individuals, including converting plastic cards to metal cards. In this case, it has been advised to use only the authorized channels of the concerned bank.

The central bank, in a warning to customers, said that ensuring financial security is the top priority of banks.

Do not share OTP or any card information under any circumstances and contact the bank immediately if you notice any suspicious activity.