Tuesday , 19 September 2017


Talk About Financial Security! 20% of Population Use Same 5 PIN Numbers! Do You Too?

What do you think is the easiest PIN number to crack? [It’s important to knowbanking because] if your bank decides your PIN was too easy to crack, they won’t reimburse you when your money gets stolen. [Read on to learn which number combinations to avoid.]
[Why worry, you say, because] any money that is stolen out of your bank account becomes the bank’s responsibility, and they must reimburse you, right? Wrong!

Turns out that if your PIN is too easy to guess, the banks may not be there to bail you out (oh, the irony). You won’t even have the luxury of knowing if your current PIN falls into a dangerous category (unless you call them personally, perhaps). In other words, you need to fend for yourself out there…

[Below are ways]…you can avoid getting burned by the banks:

  1. Avoid codes that use the same number multiple times.
  2. Don’t use numbers in numerical order.
  3. Avoid numbers that are grouped together on keyboards (e.g. 2580 is directly down the middle of a number pad).
  4. Your PIN shouldn’t be based on a significant date like a birthday.
  5. Be creative, come up with something random and crazy. Then study it like an exam.

…Here are the most common PIN numbers, listed by rank, PIN number and frequency, according to survey by Data Genetics of 3.4 million Canadian bank accounts:

  1. 1234 – 10.713%
  2. 1111 – 6.016%
  3. 0000 – 1.881%
  4. 1212 – 1.197%
  5. 7777 – 0.745% (sub-total of 20.423%!)
  6. 1004 – 0.616%
  7. 2000 – 0.613%
  8. 4444 – 0.526%
  9. 2222 – 0.516%
  10. 6969 – 0.512%
  11. 9999 – 0.451%
  12. 3333 – 0.419%
  13. 5555 – 0.395%
  14. 6666 – 0.391%
  15. 1122 – 0.366%
  16. 1313 – 0.304%
  17. 8888 – 0.303%
  18. 4321 – 0.293%
  19. 2001 – 0.290%
  20. 1010 – 0.285%

Top 20 – 26.832%

The conclusion?…[If you’re one of the 26.8% of individuals who use one of these 20 PINs it’s time to get creative. It could cost you thousands of dollars if you don’t!]

Does your PIN number fall into the Top 20? Let us know in the comment section at the very bottom of the page!

The comments above are edited ([ ]) and abridged (…) excerpts from an article by Michael Hiscock

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