Withdrawing cash from an ATM is becoming something we do less often, and we frequently rely on the nearest one. Convenience takes precedence over caution because when cash is needed, it is usually at a moment’s notice.
To protect yourself from various ATM scams that may occur if you use a compromised machine, here are some steps to always take. You can view the video above before reading the key points below.
**Twist The Reader**
Skimming, where a fake reader copies the magnetic stripe of a credit card, is becoming less prevalent as most cards now feature embedded chips. However, numerous banks in the United States still issue cards that can use the magnetic stripe, making them vulnerable to theft. What you should do is, prior to using any ATM, twist the card reader if it is protruding and check for any looseness or indications of tampering.
You can observe in the video above how to deal with different types of ATMs and card readers. Additionally, ensure you inspect the keypad as well.
**Choose Wisely**
The location from which you withdraw cash can enhance your chances of not encountering a skimmer or a shimmer (the latter being used to capture credit card chip data). ATMs located in and around banks generally have robust camera coverage and nearby security. Guards, cameras, and significant foot traffic usually lead criminals to avoid these ATMs as the likelihood of getting caught or having the skimmer detected is greater.
The thieves must return to retrieve their skimmers to extract the card data from them, so they are cautious about losing one they have installed. Nonetheless, many ATMs have scams incorporated; here’s how to manage ATM currency conversions.