In today’s fast-paced world, ATMs offer the convenience of accessing our funds almost anywhere. However, this convenience can come with a risk, like ATM skimming. Skimming is a type of fraud that can happen when a device is illegally installed on an ATM and captures your card data and PIN. It is a sophisticated crime that affects millions of people and costs financial institutions and consumers over $1 billion annually.
Understanding ATM Skimming
ATM skimming devices are typically small and can be hard to spot. They may be inserted in the card reader or placed over it, capturing your card information as you make a transaction. Sometimes, a tiny camera is also hidden nearby to record your PIN as you enter it.
Preventive Measures
Below are some steps you can take to safeguard your information.
- Scan The Machine
- Check for any unusual attachments on the card slot
- Review the keypad, making sure a false keypad is not on top of original keypad
- Look for any signs of damage or tampering, such as loose components or adhesive residue
- Block Your PIN
- Cover the keypad with your hand when entering your PIN to shield it from hidden cameras
- Check Your Account Regularly
- Banterra offers convenient Digital Banking, making it easy to check account transactions from the mobile app or online. Check your account regularly vs. waiting on monthly statement.
- Add Alerts
- You can easily add alerts to your Banterra Visa® Debit Card through Digital Banking. Learn more on how to do this here.
What To Do If You Suspect Skimming
If you suspect that an ATM has been compromised:
- Do not use the machine and report it to the bank immediately.
- Keep an eye on your account statements for any unauthorized transactions.
- Contact your bank if you notice any suspicious activity on your account. Banterra customers can call 866-BANTERRA (226-8377), option 4 and refer to the Banterra Bank Visa® Debit Card Agreement for more information.
Banterra Bank’s Commitment To Security
At Banterra Bank, we prioritize the security of our customers. We continuously update our ATMs with the latest security features to combat skimming and other fraudulent activities. Our team is dedicated to ensuring that your banking experience is safe and secure.
Remember, awareness is your best defense against ATM skimming. By staying vigilant and following these tips, you can help protect your financial information and peace of mind.
July 27, 2024 by Banterra Bank
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