Atm Scams
From Clark Howard
ATM scams you need to know about
Criminals are skimming money from you in several ways when you use ATMS these days. First of all, independent ATMS that you see in convenience stores are very dangerous because the banking industry has no pre-cautions set in place on these machines. Criminals install these machines and, over several months, they capture information of the people who get money out of the machines. They also install these card skimmers in regular ATM machines. They capture the information using fake card readers and then with the information they steal all of your money. The third way they steal your money is to install cameras in the racks next to the ATM machine. The cameras capture your hand motions and then the criminals can read your secret code and empty your checking account. Even worse, when this happens banks shrug their shoulders and say there is nothing they can do. Thats why its so important to keep track of your checking account. Read your statements each month, and if something looks unusual you must bring it up with your bank immediately. Banks have a 10-day window to conduct an investigation and at least give you a temporary credit for your money.
From Clark Howard
ATM scams you need to know about
Criminals are skimming money from you in several ways when you use ATMS these days. First of all, independent ATMS that you see in convenience stores are very dangerous because the banking industry has no pre-cautions set in place on these machines. Criminals install these machines and, over several months, they capture information of the people who get money out of the machines. They also install these card skimmers in regular ATM machines. They capture the information using fake card readers and then with the information they steal all of your money. The third way they steal your money is to install cameras in the racks next to the ATM machine. The cameras capture your hand motions and then the criminals can read your secret code and empty your checking account. Even worse, when this happens banks shrug their shoulders and say there is nothing they can do. Thats why its so important to keep track of your checking account. Read your statements each month, and if something looks unusual you must bring it up with your bank immediately. Banks have a 10-day window to conduct an investigation and at least give you a temporary credit for your money.