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7-10accounts-statements

Why We Do Not Share PINs

Understand why a PIN must be kept private — and what to do when someone asks for it.

In this lesson

Why We Do Not Share PINs is part of Understanding a Bank Account. This preview shows how accounts-statements connects to everyday family decisions such as earning, saving, spending choices, goals, approvals, or parent-guided money conversations inside Progress Penguin.

Think about this money choice

Tunde watches his dad type a PIN at the ATM. He wants to learn the number. Should his dad share it?

How it works

A PIN is a private number that proves you are the owner of an account or card. Sharing it — even with a friend — gives that person the ability to take your money without your permission.

Try a real-life example

Real-life money moment: Tunde tells his best friend his ATM PIN so the friend can buy something for him. The friend uses the PIN twice more without asking. — A PIN shared is a PIN lost. Once someone else knows it, you cannot control what they do with it.

Activity preview

Move the money slider

Use what you learned to complete this short challenge.

Try one real money action

Open Tasks and submit proof for one task, or open Requests and make a deposit request. Parent approval can happen later.

Quiz preview

Why should you never share your PIN with anyone?

PINs are only valid when entered by the card manufacturer
Sharing a PIN automatically resets it to an unknown number
Someone who gets your card and PIN may be able to withdraw or spend your money
The bank will freeze your account if you tell even one person

A stranger at an ATM offers to help and asks for your PIN. You should:

Accept help and change your PIN the following morning
Share it since they look friendly and trustworthy
Cover your hand but let them watch while you type it in
Decline firmly and walk away from the ATM immediately