With these tips, your data and ATM card PIN will never be stolen even if you withdraw cash at an ATM that has been implanted with a skimmer machine and hidden cameras or fake PIN pads used to steal ATM card PINs.
After the skimming case at one of the national private banks that drained the account owner's savings of hundreds of millions of rupiah, of course you are now anxious every time you make a cash withdrawal using an ATM machine. Does the ATM machine that I use to withdraw cash have a skimmer or not?
There is a surefire solution for you and it takes advantage of the features of the mobile banking app. Even if your ATM card still uses a combination of magnetic and chip technology, making it vulnerable to being a victim of skimming, with this simple method, your magnetic card data and ATM PIN will remain safe because physical cards are not used for cash withdrawals.
Interested? I hope you have a little idea of what I mean. Cardless cash withdrawals are often called cardless withdrawals. You can activate this cardless cash withdrawal from your mobile banking application every time you want to make a withdrawal.
And the good news, this cardless cash withdrawal uses an OTP One Time Password or one-time use PIN which has a limited validity period (1 hour) where if it is not used or has been used once to make a withdrawal, the PIN will be forfeited and cannot be used again. .
This is the golden standard in securing financial transactions. For example, the golden standard in Covid testing is PCR, so this is the best protection available today.
The drawback is that you can only make cash withdrawals without this card at the ATM of the bank concerned and cannot be done at ATMs with/other banks, so you need to choose a bank that has a wide network of ATM machines.
Another risk that must be considered is that because the transaction process is carried out by mobile banking, you must be extra careful with your access PIN and approval PIN for mobile banking transactions. Keep your SIM card / mobile banking number and always lock your cellphone and mobile banking application with a PIN that is safe and difficult to guess.
Never share the secret code for cardless cash withdrawals that is displayed on your mobile banking because with this information anyone who enters the code at the ATM of the bank concerned within the specified time will be able to make the withdrawal that you created earlier through the mobile banking program.
The risk of data leakage for cardless withdrawals is much lower than withdrawals using an ATM card due to skimming data and leaking ATM card PINs because skimming data can be used to make multiple transactions to drain the victim's account. On the other hand, this cardless cash withdrawal code can only be used once. It's also called One Time Password, so once it's used, it's forfeited and has to be regenerated if you want to make another withdrawal.