The Press and Journal (Inverness, Highlands, and Islands) : 2019-11-18

MONEY : 31 : 31

MONEY

THE PRESS AND JOURNAL MONEY 31 Monday, November 18, 2019 MONEY Quarter unaware of their card Pin BY KEITH FINDLAY More than a quarter of people in the UK do not know their bank card’s Pin by heart, a survey has found. Some 29% of people do not know their Pin off the top of their head, financial services provider Sanlam UK discovered. More than threequart­ers (74%) of women claim to have their Pin memorised, compared with just over two-thirds (68%) of men. The increasing popularity of contactles­s payments allows people to “tap and go” when buying lower-value items without entering a Pin. But those attempting contactles­s payments are sometimes still required to enter their Pin as an extra security measure to prove the purchase is legitimate. Younger adults in particular were found to struggle to remember their Pin, with more than 29% do not know their Pin off the top of their head half (57%) of under-35s saying they found it hard to recall. By contrast, only around one-fifth (21%) of over-55s had difficulty rememberin­g their Pin, according to the research, which formed part of Sanlam UK’s What’s Your Number? report. People in London were the least likely in the survey to remember their Pin, with 51% not knowing it. This was more than twice the proportion as those in Scotland (22%). When it came to their finances, their Pin was not the only number shrouded in uncertaint­y, the survey of more than 1,000 people found. Only one in five (20%) thought it was important to remember their current account balance, while just 9% said they needed to know their savings account balance.