Digital Wallet

A digital wallet is an electronic device that stores all your payment details in one location, which can make it simpler and safer to make cashless purchases online and in-store.

Digital wallets can connect with traditional bank accounts and store your credit and debit card details, as well as your payment details for online payment systems such as Apple® or Google PayTM. If you’re a  TCSB customer, you can add your TCSB debit card to Apple Pay, Google Pay, or Samsung Pay. 

It’s easy to set up a digital wallet. When you’ve chosen your preferred wallet provider, enter your payment information and the system will save it securely in one location.

If you want to use your digital wallet via your smartphone, which will allow you to make in-store contactless payments, you’ll need to have the relevant app.

Digital wallets can make payments easier, quicker and more secure. They provide:
•    convenience – you can leave your actual wallet at home if you don’t want to carry it around
•    a single location for all your payment information, so you no longer have to remember several PINs and passwords
•    the option to make payments online without having to fill in your details every time you make a purchase

Biometrics- or more simply put, Touch/Face ID – are a secure way to log on to your mobile device and apps like the TCSB Mobile Banking App.

Digital wallets use authentication and data encryption to protect your personal information, unlike a traditional wallet where someone can access your payment cards if they take it.

Mobile operating devices are better at protecting users from malicious software than desktop operating systems. But you should still take additional safety measures to keep your information safe when using a digital wallet.

These include:
•    using a PIN or fingerprint identification protection on your smartphone
•    keeping track of payments made from your digital wallet