Tag Archives: PIN

Tips for ATM Safety

usATMs and debit cards offer quick access to your money when you’re on the go. Most of us have come to rely on the convenience they provide, but it’s important to use caution to keep ourselves and our finances safe. To protect your identity and ensure your personal safety, it makes sense to exercise caution when using an ATM. The tips below are meant to make you aware that although rare, ATM crime can happen.

Follow these tips to help keep you and your money safe!

    • Protect your ATM card as if it were cash. Report lost or stolen cards immediately.

 

    • Safeguard your Personal Identification Number (PIN). Don’t give your number to anyone; don’t write your PIN on your card, avoid using numbers that are easily identified (birth date, etc.).

 

    • Try to use ATMs with which you are familiar. Choose well-lit, well-placed ATMs where you feel comfortable. If you need to use an ATM late at night, ask a friend to accompany you.

 

    • Before approaching the ATM, scan the surrounding area. Avoid the ATM altogether if it is too dark to see, isolated or looks unsafe. If there are bystanders loitering in the area, go to another machine or come back later.

 

    • Be prepared to conduct your business as soon as you reach the machine. Have your ATM card ready in your hand. Do not dig through a purse, bag or wallet in front of an ATM or while you are in line. Secure your money immediately after the transaction. Count your money later, not at the ATM.

 

    • Use your body to shield the screen and keypad before entering your PIN. Make sure other individuals in line stay a reasonable distance from you while you’re performing your transaction.

 

    • Do not allow anyone to distract you while you are at the ATM. Be cautious if strangers approach you or try talking to you – even if your card is stuck or you’re having trouble with your transaction. If someone takes interest in your transaction, leave the area and report the suspicious behavior to the police.

 

    • Never leave your receipt in the ATM. Discarded ATM receipts are a primary source of identity theft and account fraud. Shred receipts before discarding them.

 

    • If you are using the ATM at night make sure there is nothing compromising your personal safety like overgrown bushes or poor lighting.

 

  • Be wary of an ATM scam called “skimming, where thieves attach electronic devices to the ATM that are designed to capture your card information and PIN. If an ATM card reader appears unusual compared to other ATMs, use another ATM.

Remember, if your ATM card is lost or stolen; contact your credit union immediately. They will take the proper steps to ensure your finances are safe and assist you in getting a new card.

The Guide to Use an ATM Machine

aeSince the dawn of the ATM (automated teller machines), banking has never been simpler. An automated teller machine, or ATM, provides one the convenience to make quick and prompt cash withdrawals. However, the purpose of the ATM does not end there, various other banking transactions, such as depositing money, transfer of funds and balance inquiries and account updates are possible via ATM machines. Since, the system saves, time and reduces delays, banks have ATMs located inside, outside or at various convenient and accessible locations, like gas stations, grocery stores and malls, so on.

There are a few things to consider before using an ATM,

Verify the network logos: These logos may be located in the ATM or debit cards, are indicative of the acceptable banking consortium. This means the ATM machine will have a list of acceptable logos posted on it. Even though many cards are universally acceptable these days, there is a charge on using the card in other bank ATMs after a number of withdrawals.

Be Vigilant: The use of debit card at ATM machines should be done under complete care, make sure no onlooker can see the PIN designated to provide access to your account.

These machines are easy to operate and provide systematic guidance to the users, the steps involved in using an ATM.

Step 1: Select the appropriate bank ATM.

Step 2: Insert your ATM card in the designated slot or swipe the card depending on the machine.

Step 3: Select the language that you desire for the user interface, most machines offer English and regional languages to choose.

Step 4: Enter the PIN (Personal Identification Number) provided along with the ATM card at the time of registration. Make sure you memorize the PIN and never disclose the same to a stranger or even acquaintance, to avoid the risk of card fraud.

Step 5: Select from the given transactions. Generally, the options are available at most ATMs, such as withdraw, deposit, balance inquiry and transfer. If you choose to withdraw, the ATM prompts for the amount, which once entered the ATM checks the balance of the account, and renders the cash if feasible.

Step 6: The machine prompts for printed receipt, which will be provided if you opt for the same.

Step 7: One can choose to continue with more transactions or finish the same.

Make sure to remove your ATM card, if it is inserted at the beginning of the transaction, without fail.

The common dilemma when using the ATM, is forgetting the PIN, the ATM machine allows only a number of attempts before confiscating the card. If one forgets the PIN, should request for the same at the issuing bank. Many fall victim to card frauds by not being vigilant and careful when transacting at ATM machines, be aware of your surroundings and keep the bank ATM card safe. The ATM provides a world of ease and accessibility to the users, by its easy, instantaneous and safe process.