How to outsmart ATM scammers and keep your money safe

ATM scams are rising, with criminals sending fake text messages and emails to trick people into thinking their bank accounts have been compromised.

Don't fall victim! Keep your money safe with these tips on how to outsmart ATM scammers and keep your money safe.

Robbing the ATM (an automated teller machine) is one of the oldest tricks in the book, and it's still being employed today by crooks of all stripes.

There are different types of ATM scams, some more common than others, but they all have one thing: you get your money taken from you.

Here are some of the most prevalent ATM scams and how to outsmart them so you can keep more money in your pocket!

What is an ATM scam?

ATM scams are becoming increasingly common as thieves target unsuspecting victims to steal their hard-earned cash.

These criminals operate in a few different ways, but the most common is installing a skimming device on the machine.

This device captures your card information and PIN as you enter it, allowing the thief to clone your card and withdraw money from your account.

Other scams include placing a false keypad over the real one, which captures your PIN as you enter it, or even simply snatching your cash from the machine before you can grab it yourself.

Don't help thieves find your card.

1. ATM skimming is fraud when criminals attach devices to ATMs to steal card information and PINs.
2. When using an ATM, cover the keypad with your hand when entering your PIN. This will prevent thieves from using a hidden camera to record your number.
3. Another way to protect yourself is to check the ATM for any signs of tampering before using it. If you see anything suspicious, do not use the machine and immediately report it to the bank.
4. You should also be aware of shoulder surfing when someone stands close by and tries to look over your shoulder while entering your PIN.

Don't disclose information on social media.

It's essential to be vigilant about the information you share on social media. Hackers and scammers can use publicly available information to their advantage.

For example, if you post that you're going on vacation, a scammer may see that as an opportunity to target your home. If you must post about your travel plans, wait until you return home. 

Additionally, don't click on links from unknown senders or open attachments from people you don't know to avoid phishing scams.

Locate the nearest machine with security cameras nearby.

ATM skimming is fraud when an illegal device is attached to an ATM to capture card data and PIN codes. Skimmers are getting more sophisticated, but there are steps you can take to protect yourself. 

The best way to avoid becoming a victim of skimming is to be aware of your surroundings when using an ATM. If you see anything suspicious, do not use the machine. In addition, try to use devices located in well-lit areas and near security cameras. 

If you find yourself the victim of skimming, report it immediately to your bank or credit card company. Doing so can help prevent others from becoming victims as well.

Alert others in case you lose track of your belongings.

If you're ever in a situation where you feel you're being watched or followed, go into a public place and discreetly alert someone (preferably a security guard) about what's happening.

If you're using an ATM, be aware of your surroundings and if anyone seems suspicious, cancel the transaction and leave immediately. It's also important to never give your PIN to anyone, even if they claim to be a bank employee.

Call the bank directly to confirm their identity if you have any doubts. Lastly, always shield the keypad when entering your PIN so no one can see it.

Pick up cash during daylight hours.

The best way to avoid getting scammed at an ATM is to use the machine only during daylight hours. This way, you can see what is happening and who is around you.

If it's dark, there's a greater chance that someone could approach you without noticing. 

And if someone does come up behind you, they might be trying to steal your card or PIN. Be extra cautious, don't withdraw large amounts of cash because this makes you a bigger target for thieves.

Also, cover the keypad with your hand while typing in your PIN so no one can spy on you.

Conclusion (How to outsmart ATM scammers and keep your money safe)

ATM scams are rising, with criminals sending fake text messages and emails to trick people into thinking their bank accounts have been compromised.

You can take steps to protect yourself from becoming a victim of ATM skimming or other types of fraud. ATM skimming is fraud when an illegal device is attached to an ATM to capture card data and PIN codes. There are different types of ATM scams, some more common than others, but they all have one thing: you get your money taken from you.

The best way to avoid getting scammed at an ATM is to use the machine only during daylight hours.

Never give your PIN to anyone, even if they claim to be a bank employee. Always shield the keypad when entering your PIN so no one can see it.