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Important question, which information is stored in an ATM transaction after withdraw?

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clemens

Corporate Services
Mentor Group Gold
Jan 2, 2009
2,636
841
113
Spain
Is their anyone that knows which information are stored when you use your Debit card with an ATM machine to withdraw money?


I have been reading and many advice not to use the debit card in my home country only use it abroad!


Also I read that GIFT cards might be the way to have a 100% anonymous solution for using money on an offshore bank account!
 

chipchip

Corporate Services
Business Angel
May 12, 2009
60
0
6
Look at the card front, and you will know what is printed, often it is your full name.


Alternative would be to use a simple cheap card reader to find out.
 

descorpio

Offshore Agent
Jun 20, 2009
38
2
8
Your debit card have a magnetic strip at he back and all information about you and your account is stored in this strip. At the time you swap your card in any ATM, all information transferred into thew machine and then only machine will give you the access.