Safe Banking Tips By Anushka Rathod: Protect Yourself During ATM Transactions

Do you use ATMs? Of course, many among us still use ATMs to dispense cash. Let's not forget that with each passing invention and security concern, scammers these days are also getting creative. Whenever banks share secure ways of banking, scammers come up with new, innovative techniques to defraud customers. This time, it's the new trending ATM transaction.

Customers will go to the nearest ATM to withdraw cash and, for that, will insert the card, and enter the PIN, and the display will show 'collect your cash,' but you won't be able to do so. Here's why: scammers have already blocked the cash dispenser path. The moment you panic and step out of the ATM, fraudsters will enter the ATM spots and take away the cash that was supposed to be taken by the customer.

To halt such frauds and ATM scams, finance influencer Anushka Rathod has come up with points that you should keep in mind while using the ATM machine for cash withdrawal.

Points to remember to Avoid ATM Scams:

• Ensure to inspect the card insertion slot, ATM keypad, and around cash dispenser for any additional devices before initiating any transaction.

• Check for the ATMs that have a panic button in case of any emergency.

• Prefer only those ATMs where there are security guards are those ATMs that are in the bank premises.

Exercise caution and do NOT enter the PIN in the presence of any other/unknown in the presence of unfamiliar individuals. Safeguard and cover the keypad with your hand while entering the PIN.

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In short, even though using ATMs is handy, it's super important to watch out for new scams. Anushka Rathod, a finance expert, suggests easy but effective steps to lower the chances of falling for ATM fraud. Pay attention to where you are, choose safe ATMs, and keep your PIN safe. Doing these things helps make sure your banking is safe. Stay informed, be careful, and protect yourself from the tricky moves scammers use in ATM transactions.