ATMs offer convenience but it's important to keep safety in mind when using them. As of 2018, there were over 470,135 ATMs in the U.S., both bank-owned and independently owned. ATMs make transactions quick and convenient, but they can also be targets for criminal activity. With the increase in ATM-related crimes, especially during the COVID-19 pandemic, prioritizing safety is crucial.
Key Takeaways
- ATMs offer easy access to funds but can attract criminals.
- Basic safety practices can help protect you while using ATMs.
- ATMs can also be used for scams, so vigilance is key.
- Reporting any suspected fraud to your bank is essential to limit losses.
How to Use ATMs Safely
1. Be Mindful of Location
- Choose well-lit and high-traffic areas for ATM transactions.
- Avoid secluded or poorly lit ATMs that may pose security risks.
2. Use Your Bank's ATM
- Opt for your bank's ATM over standalone machines in public spaces.
- Bank ATMs are typically more secure and monitored closely.
3. Inspect the Machine
- Check for any signs of tampering or unusual features on non-bank ATMs.
- Report any suspicious findings to the authorities or the ATM owner.
4. Use Built-in Security Measures
- Prefer ATMs located in enclosed areas with card access.
- Avoid letting unauthorized individuals into secure ATM spaces.
5. Keep Your Distance
- Maintain privacy by preventing others from seeing your PIN.
- Refrain from writing down your PIN or sharing it with anyone.
6. Be Aware of Your Surroundings
- Stay alert to people loitering around the ATM.
- Watch out for suspicious behavior or vehicles nearby.
7. Stay Secure at the Drive-Thru
- Keep doors locked and engine running at drive-thru ATMs.
- Do not exit the vehicle, even if facing issues with the machine.
8. Don't Linger
- Plan your ATM transactions in advance to minimize time spent at the machine.
- Avoid counting cash or reviewing receipts in open areas.
9. Keep Track of Receipts
- Collect receipts for all ATM transactions and review them later.
- Never leave receipts behind to prevent potential fraud.
10. Trust Your Instincts
- If anything feels off, cancel the transaction and leave immediately.
- Report any suspicious activities to the authorities promptly.
What to Do If Your ATM or Debit Card Is Stolen
In case of a stolen ATM or debit card, prompt reporting to the bank is crucial to limit liability for unauthorized charges. The FTC outlines specific guidelines for reporting lost or stolen cards, emphasizing the importance of timely action to minimize financial losses.
A Final Tip
Exploring alternative banking methods like mobile deposits or person-to-person payments can reduce reliance on ATMs and lower the risk of being targeted by criminals. Prioritizing safety and vigilance in all banking transactions is key to safeguarding your finances.
Notes
- Safety should always be a top priority when using ATMs.
- Regularly monitoring your accounts for any unauthorized activity is essential.
- Familiarize yourself with your bank's policies on ATM security and fraud prevention.
Mistakes to Avoid
- Neglecting to cover the keypad while entering your PIN.
- Using ATMs in isolated or poorly lit locations.
- Sharing your PIN or card details with anyone.
Frequently Asked Questions
- What should I do if I notice something suspicious at an ATM?
- How can I protect myself from ATM skimming devices?
- Is it safe to use ATMs for large cash withdrawals?
Conclusion
ATMs offer convenience, but it's crucial to prioritize safety when using them. By following best practices, such as being mindful of location, using your bank's ATM, and staying vigilant, you can help protect yourself from potential criminal activity. Regularly monitoring your accounts and promptly reporting any suspicious activity or stolen cards are also essential steps to safeguard your finances. Ultimately, prioritizing safety and being proactive can help ensure a secure and positive ATM experience.
