Frauds, especially those by cloning or skimming your cards have became a major threat to plastic holders in Romania as banks started to diversify their credit, debit or store cards offers. An increasing number of consumers go to bank every day to claim the money that disappeared over night. Wall-Street shortlists the most common forms frauds can take and useful tips to avoid them.Banca Transilvania representatives have drawn guidelines to avoiding card frauds.
– Check for any attachments installed at the ATM, and if you see any slight movement, than avoid using the cash dispenser and inform the bank employees.
– Beware of the persons surrounding you. When withdrawing cash, make sure no one is close enough to see your PIN while typing.
– There are cases when the ATM machine is bogus, it is not the property of any bank and it is installed by criminals in a deserted area. The machine may function apparently properly, but no transaction actually occurs, and money are not dispensed, but will return a message “error reading card”, “host error”, or “transaction failed” etc. The machine will return you the card back, but not before being cloned.
– Trapping the card in the ATM can also be caused by a certain device attached to the card entry slot. In this case, contact your bank immediately to replace your card and/or to cancel the card, in order to prevent any financial loss.
