Question 1

What is the "ATM Skimming Devices" scam in Saskatoon?

Accepted Answer

ATM skimming devices have been detected at standalone cash machines in Saskatoon's downtown core, particularly at non-bank ATMs located inside convenience stores and at outdoor kiosks. Skimmers capture card data while a small camera or overlay captures PIN entry. Victims typically do not realize their card has been compromised until fraudulent transactions appear days later. Use only ATMs attached to major bank branches (TD, RBC, Scotiabank, CIBC) in Saskatoon rather than standalone convenience store machines. Cover the keypad when entering your PIN and inspect the card slot and keypad for any loose or unusual attachments before inserting your card.

Question 2

What is the "Overpriced Currency Exchange" scam in Saskatoon?

Accepted Answer

Currency exchange kiosks at Saskatoon's Midtown Plaza and some downtown hotel lobbies charge exchange rates 5-8% above the interbank rate with additional transaction fees that are not prominently disclosed. Tourists exchanging significant amounts of foreign currency lose substantially more than they would using a major Canadian bank or withdrawing from an ATM. The kiosks target international visitors and cross-border travelers unfamiliar with competitive exchange rates. Exchange currency at a major Canadian bank branch (TD, RBC, Scotiabank have branches in Saskatoon) or withdraw Canadian dollars from an ATM directly. Check the current interbank rate on xe.com before any currency exchange to identify unfair rates.

Money & ATM Scams in Saskatoon

ATM Skimming Devices

Overpriced Currency Exchange

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