Young or old, if you are going to use a debit card you need to take precautions. Here's how:
1. Cover your PIN. Your bankcard won't work without the PIN. Thieves usually obtain the PIN with a small camera stationed near the card processor. So keep an eye out for anything that seems out of place. It might be a camera. In any event, shield the keypad with your body or free hand when entering your PIN.
2. Be selective with your ATM. Again, look for anything out of place. Any wires exposed? Tape evident? Hardware loose? If so, find another ATM. Use an ATM inside a bank whenever possible. Stay away from ATMs in remote locations or that appear seldom used. These are easy to tamper with and might even be dummy cash machines.
3. Leave some wiggle room. When you insert your card, wiggle it while it's in the slot. If something seems loose, there might be theft device attached to the swipe hardware. Wiggling the card might jar the theft device from its hiding place.
4. Monitor your accounts. One of the best protections against continued use of your stolen information is to check bank statements regularly. With a debit card, you may be responsible for the first $50 and you must report theft within two business days of discovery and no later than 60 days after the theft for protection. Credit cards have more protections and might be a better choice if you have any reservations about an ATM or processing machine.
5. Look for security cameras. ATMs and gas pumps that are under video surveillance and have cameras aimed directly at the card readers are less likely to be fitted with card-skimming equipment.
6. Keep an eye on your card. When you give your card to a waiter or clerk, be skeptical of any request to swipe it through multiple devices or if they must leave your sight.
7. Be careful at the gas station. Gas stations are among the most prone to skimming. Use a credit card or choose the credit option on your bankcard.
Be Wise.
