With the recent news of widespread ATM scams across the country, securing your ATM card has never been this necessary. As reported by various media outlets, hundreds of millions of pesos have already been lost by various bank customers to syndicates who specialize in “card-skimming” or the duplication of cards and acquiring of Personal Identification Numbers (PIN) of unsuspecting ATM cardholders.
Skimming is usually done by placing a device that reads a cardholder’s information over the ATM card slot. This device is often paired with a hidden miniature camera that reads the user’s PIN. Once the card has been skimmed, the perpetrators can now create a fake ATM card and make unauthorized withdrawals and transactions on the cardholder’s account.
The Philippine National Bank (PNB), in partnership with the Global Benefits Group (GBG), PNB General Insurance Co., Inc. (PNB Gen) and Allied Bankers Insurance Corp. (ABIC), has come up with a viable solution to this rampant dilemma. ATMSafe is PNB’s answer to the country’s mounting ATM theft problem. This innovative insurance product is the first in the Philippines that secures and protects ATM cardholders and their accounts.
For only P12.00 per month, ATMSafe replaces money stolen from a cardholder’s account – up to P50,000 – as a result of skimming or any of the other forms of ATM theft scams. ATMSafe also ensures the safety of PNB ATM cardholders as it restores money stolen during an ATM robbery – up to P50,000 for a maximum of three (3) incidents per year.
With ATMSafe, you won’t be a victim anymore. Stay safe, be ATMSafe. Open a PNB ATM Account now and avail of PNB’s ATMSafe. For inquiries about ATMSafe and its other advantages like payment of benefits in the event of identity theft, hospital confinement or accidental death, visit your nearest PNB branch or log on to www.pnb.com.ph.