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Withdrawing money from an ATM is a quick and convenient way to access your money, especially during a cash emergency.
While the usage of ATMs has increased significantly over the past 10 years, fraudsters have become more sophisticated in their methods of trying to steal funds from bank accounts.
The threat of unscrupulous behaviour from a small number of individuals shouldn't put you off from using cash machines, but it's always wise to adopt a safety-conscious approach when making any kind of cash withdrawal.
You may not have time to thoroughly check an ATM before inserting your card, but there are a few quick and simple things you can do
ATM fraudsters aren't restricted to technology-based scams. There is also the possibility of being tricked into revealing your PIN to a stranger, or being mugged.
It doesn't matter how inoffensive, friendly or gallant someone may appear, never accept help from strangers.
Sometimes even the most cautious people can get caught out by fraudsters.
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Disclaimer: This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.
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