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HolidayBuyer's Guide
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Quick tip: Require password when sending money on Facebook

When sending money to friends, Facebook will not automatically request your account password. Enable this setting to help protect your funds.

Facebook allows you to send money to friends and family with your debit card and a couple of taps in a message. Although Facebook requires the CVV (Card Verification Value) number from the back of your debit card, that information can also be saved by accident in your Web browser. If you share your computer at home or at work, or your mobile devices can be accessed by someone other than yourself, you want to may opt for an additional layer of security.

Your Facebook account settings can be adjusted to require both the CVV (default, cannot remove this requirement) and your account password when attempting to send money. Here's how:

Facebook payment settings. Screenshot by Nicole Cozma/CNET
  • Click the menu in the upper right-hand corner and click Settings, then head to Payments on the left.
  • Choose the Account Settings tab along the top. In the password section, change the drop-down box to "On."

Now whenever you are going to send money to someone via Facebook, you will need to input both the CVV and your password to complete the transaction.

What sort of security measures would you like to see in place for the send money feature on Facebook? Share your thoughts in the comments.