Definition

A notification sent by your bank when a transaction occurs on your debit card, helping you monitor for unauthorized activity.

What to consider

  • Set up alerts to monitor transactions on your debit card.
  • Review alerts promptly to catch any unauthorized charges.
  • Customize your alert settings to suit your spending habits.

Real world scenarios

  • After receiving a debit alert on her phone, Chloe immediately checked her account to ensure there were no unauthorized transactions.

Related terms

Banking & Savings