ATM Card

Debit and ATM Card Identity Theft - What You Don't Know Will Hurt You!

The biggest risk associated with ATM or debit cards is identity theft done by way of stolen PINs. To access your bank accounts, identify thieves typically have several ways of obtaining your PIN.

One way that an identity thief can obtain your PIN is if you write down your PIN and keep it together with your ATM or debit card. Never have your PIN and debit card in the same place. If someone steals your pocketbook or wallet, he will be able to use your ATM or debit card. An ATM or debit card is useless unless the PIN is also in the thief's possession. Keep in mind that when a thief obtains your ATM or debit card's PIN, his next step is to try to steal your ATM or debit card from you. If a thief obtains your PIN, he is likely to try force in order to get the ATM or debit card. The third way that identity thieves obtain PINs is rather technical in nature.

The police refer to this type of ATM or debit card theft as "skimming." Identity thieves use a magnetic strip card reader or a keyboard logging device and attach it to an ATM machine. These devices capture your ATM or debit card; they are very advanced, look very much like a regular card swiping device and will fool most people.

Unsuspecting folk will swipe their ATM or debit cards in these devices, thinking that they are using the real thing. Now that the thieves have your personal information, they won't need your ATM or debit card. They will make a "new" card which will look similar to your card.

As long as you are able to safeguard your PIN, you should be able to protect you debit card. Your bank will issue you a new ATM or debit card and you can choose a new PIN.

ATM/Cash Withdrawals

2. Notify Your Bank Account/Credit Card Company:

Sudden activity in a foreign country might send up red flag warnings to your bank or credit card company causing them to put a hold on your debit or credit card. 3. Obtain Emergency Contact Numbers:

4. Locate ATMs Abroad:

Look on the backside of your Debit/ATM/Credit card, if there is a Circus sign (associate with MasterCard) or a Plus sign (associated with Visa) then your ATM card is compatible with all ATMs that accept that sign around the world.

Using Your ATM Card Abroad:

" When withdrawing money abroad at an ATM machine not associate with your bank you will be assessed fees (just as you would if you were using it domestically at an ATM machine not associated with your bank). If you were planning to go on a tour, then the best mode carrying your money would be the Reloadable Debit ATM Card. With this card one can access their money from any ATM around the world. There is no need of exchanging money in the foreign country.

The card does not contain any name of the owner. This prepaid card provides "stored value" in which you can store money in an account that is not linked with your bank account. You can access it with your card at any of the ATM machine.

One can feel safe and secure that all the ATM card transaction could be traced irrespective of the card being linked to any account directly. As there is no name printed on the card, the privacy of the card is all the more secured. A member can also enter the MTCN to transfer fund to their card. One has to login to fund the card. One can have upto five cards stored in a single account. This makes it easy for your friend to store your card number in their account and deposit fund in your reloadable cash debit card account if needed. On becoming a member, one will receive a complete and detailed card usage instructions pack along with the card.

In spite of many cards with different usage, all the cards functions in the same way. A great utility of the card is to send money to relatives overseas. The insurance companies can use the card to pay claims. There are many more uses of the card.

It needs highlighting that the RDC is more secure that a bank card.