Banking Basics

Digital Wallet

By February 15, 2023March 14th, 2023No Comments

Have you ever experienced that moment of panic after realizing you don’t have your debit card? It happens to the best of us! Thankfully, with a digital wallet, you can conveniently add your Richwood Bank card to your smartphone. Digital wallet offers you a secure way to pay for purchases online or in stores. Adding your Richwood Bank card to your digital wallet not only simplifies the payment process but also makes it much more secure by using the latest encryption technology to ensure your card data is always safe.

What is a digital wallet?

Digital wallets contain digital versions of your credit and/or debit cards that are stored in wallet apps on your mobile device. Examples of these apps include Apple Pay®, Samsung Pay, and Google Pay. A digital wallet is a secure way to store your credit and debit card information, so you don’t have to enter it each time you make a purchase. You can use your digital wallet in stores, online, or in apps.

Is my payment information stored on my phone? Your actual card number is not stored on your device or shared with most merchants. A virtual card number is assigned and is associated only with the digital wallet and mobile device you use. Your digital wallet can’t be used for payment without your authentication. So, your information is protected, even if your phone is lost or stolen.

How to add your Richwood Bank card to your digital wallet.

Adding your Richwood Bank card to your digital wallet is a quick and easy process. Follow the steps below to get started:

1. Open your digital wallet app on your smartphone.

2. Select the option to add a new card.

3. Enter your Richwood Bank card number, expiration date, and security code.

4. Save the information and you’re ready to go!

Now you can use your smartphone to make payments instead of using your physical card. Your digital wallet securely stores your card information, so you don’t have to enter card details or carry a physical card with you.