Here’s industry super fund-owned bank ME’s quick rundown on some common travel scams to avoid.
Skimming is where thieves use a small device to capture (skim) and store your credit card information while you’re doing a regular transaction. They then proceed to drain your bank account or max out your credit card.
To avoid skimming:
- Never let your credit card out of your sight.
- Try and only use ATMs located in reputable banks.
- Cover your hand when entering your PIN.
Old school pick-pocketing
There will be different techniques – such as bumping into you or masquerading as a charity worker with clipboards, using the guise of a street performance, or even offering to help carry your suitcase or backpack.
Being alert and knowing what to look out for can help, but if pickpockets strike, block your card immediately and check your account for unwanted transactions.
Avoid public Wi-Fi at all costs. It’s often not secure and some scammers lure you in with free Wi-Fi in order to install malware on your device.
They fake it until they make it
To avoid being given counterfeit money, change your cash in reputable places in Australia before you go. Familiarise yourself with these notes, so that once you’re overseas you’re less prone to accept the fakes.
When you get back, make sure you continue checking your account regularly as sometimes scammers wait a couple of weeks or months before withdrawing money from your account.
This article is brought to you by ME. For more information, please visit www.mebank.com.au
Members Equity Bank Limited ABN 56 070 887 679 AFSL and Australian Credit Licence 229500.