The Invisible ATM Scam You Can’t Detect (Until Your Bank Account Is Empty)
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Banks often have crooks working for them too. Sometimes they get caught. A very few of those get prosecuted. I'm talking tellers and presidents of branches who steal money from the members accounts.
They cover up the crimes of their coworkers like police stations often do.
How can you really protect against card readers?
They cover up the crimes of their coworkers like police stations often do.
How can you really protect against card readers?
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It's about skimmers that are thin enough to fit inside the card slot instead of hanging on to the front.
It's not exactly news.
Also the dude repeats everything at least five times.
Also the dude repeats everything at least five times.
Also the dude repeats everything at least five times.
Also the... Oh never mind.
It's not exactly news.
Also the dude repeats everything at least five times.
Also the dude repeats everything at least five times.
Also the dude repeats everything at least five times.
Also the... Oh never mind.
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I don't know if this will help anyone, but:
I rarely ever use a debit card. Credit cards have many more protections and allow you to dispute charges -- with a debit card, once the money is gone, it's pretty much impossible to get back. But in the rare cases I do need cash, I have an emergency debit card. I might be misunderstanding but I think if you try to get cash back with a credit card, they will start charging interest immediately (because it's a loan from the company,) whereas with a debit card, you're withdrawing your own money, so there aren't any interest charges.
If I need cash, I get it by making a purchase on something I already need, then use my debit card to get cash back from a store instead of an ATM. Of course this isn't foolproof, as skimmers have been found on store machines as well, but it feels a lot safer to me than an ATM that stands abandoned all night with open access.
However, all the stores I regularly go to now are charging fees for cash back, even with a purchase, except for Walmart -- so that's where I go if I need cash.
The one drawback for some is that I know some cards/accounts will refund your ATM fees, and I'm guessing they won't reimburse cash back fees from stores, but, I could be wrong.
I rarely ever use a debit card. Credit cards have many more protections and allow you to dispute charges -- with a debit card, once the money is gone, it's pretty much impossible to get back. But in the rare cases I do need cash, I have an emergency debit card. I might be misunderstanding but I think if you try to get cash back with a credit card, they will start charging interest immediately (because it's a loan from the company,) whereas with a debit card, you're withdrawing your own money, so there aren't any interest charges.
If I need cash, I get it by making a purchase on something I already need, then use my debit card to get cash back from a store instead of an ATM. Of course this isn't foolproof, as skimmers have been found on store machines as well, but it feels a lot safer to me than an ATM that stands abandoned all night with open access.
However, all the stores I regularly go to now are charging fees for cash back, even with a purchase, except for Walmart -- so that's where I go if I need cash.
The one drawback for some is that I know some cards/accounts will refund your ATM fees, and I'm guessing they won't reimburse cash back fees from stores, but, I could be wrong.
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Not sure about other countries but where I live there are daily limits and if there are unusual withdrawals or purchases you are also notified.
As well in person banking at certain banks (with a financial advisor) requires ID and responding to a text message with a code.
It is a worry though that this can happen.
As well in person banking at certain banks (with a financial advisor) requires ID and responding to a text message with a code.
It is a worry though that this can happen.
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I have been venturing into a lot of countries and continents. The cold hard fact is that there is no safe way to keep your money safe granted you want them in an account/your purse where they’re at the ready for you to spend.
So you have to stock up your money elsewhere than where debit cards, cash or even credit cards can make them available. Keeping your money a couple of days away from your desire to spend also saves you money.
I’m trying to use credit cards or cash and not debit cards whenever I make a purchase. But the stone cold truth is that you have to spread your assets all over the place so that no one can get much money out of you if you’re unlucky enough to be scammed or downright robbed.
So you have to stock up your money elsewhere than where debit cards, cash or even credit cards can make them available. Keeping your money a couple of days away from your desire to spend also saves you money.
I’m trying to use credit cards or cash and not debit cards whenever I make a purchase. But the stone cold truth is that you have to spread your assets all over the place so that no one can get much money out of you if you’re unlucky enough to be scammed or downright robbed.
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