By Gregg Gonzalez, CFP®
At RetireStrong Financial Advisors, we care about every aspect of your financial well-being – from investment strategies to the simple, everyday steps that keep your money secure. One area often overlooked is ATM safety. Whether you’re withdrawing cash while traveling or simply stopping by your local bank, a few smart habits can protect your finances and your confidence.
Why ATM Safety Matters
For women and couples 50+, financial confidence includes feeling safe when handling money. Unfortunately, ATMs are common targets for theft, skimming devices, and fraud. A little awareness can go a long way toward keeping your accounts (and your identity) protected.
Smart ATM Safety Tips
1. Choose Your Location Wisely
Always use ATMs in well-lit, busy areas – preferably inside a bank branch or retail store. Avoid machines in secluded or poorly lit locations, especially at night.
2. Inspect the Machine Before Using It
Before inserting your card, look for anything unusual: loose card slots, bulky attachments, or extra keypads. These may be signs of a card skimmer designed to steal your information.
3. Protect Your PIN
Use your hand or body to shield the keypad when entering your PIN. Even a small camera can capture your number if it’s exposed.
4. Be Aware of Your Surroundings
If someone is standing too close or acting suspiciously, cancel your transaction and leave. Trust your instincts. Your safety is more important than completing a withdrawal.
5. Take Your Card and Receipt Immediately
Don’t leave your card, receipt, or cash behind. Thieves can use discarded receipts to learn details about your account.
6. Avoid Counting Cash at the Machine
Put your money away before walking away. Counting bills in public draws unnecessary attention.
7. Monitor Your Bank Account Regularly
Review your statements and online banking activity often. Report any suspicious or unauthorized transactions right away.
8. Use Contactless or Mobile Banking When Possible
Many banks now offer tap-to-pay or card-free withdrawal options using secure mobile apps, thus reducing the risk of physical skimming.
ATM Safety and Retirement Confidence
At RetireStrong, we remind clients that every small decision contributes to overall financial confidence. Protecting your information and staying alert at ATMs is part of safeguarding your hard-earned retirement savings. Financial wellness isn’t just about having money; it’s about keeping it safe.
The Bottom Line
Smart habits and awareness are your best defense against ATM fraud. By taking a few extra seconds to check your surroundings, protect your PIN, and monitor your accounts, you’re helping to ensure your financial confidence.
At RetireStrong Financial Advisors, we’re here to help you grow, manage, and protect your wealth at every stage of life because confidence is the foundation of a strong retirement.
✅ RetireStrong Takeaway: Stay alert, stay aware, and take small steps to protect your finances. ATM safety is another way to live (and retire) strongly.
