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TRAVEL SCAM
Prague, Czech Republic
Dynamic Currency Conversion (DCC) ATM Scam
ATMs or payment terminals offer to convert money into the tourist’s home currency with poor exchange rates.
High Risk
COMMON LOCATIONS
ATMs, shops, tourist areas, payment terminals
HOW IT HAPPENS
HOW THE SCAM WORKS
1. Tourist withdraws cash or pays using card
2. ATM offers to convert amount into home currency
3. Tourist accepts thinking it’s convenient
4. Higher fees and poor exchange rate are applied
WATCH FOR THIS
WARNING SIGNS
• Option to “pay in your home currency”
• Screen showing “guaranteed rate”
• Higher final amount than expected
• ATM pushing conversion choice
STAY SMART
HOW TO AVOID IT
• Always choose to pay in local currency (CZK)
• Avoid dynamic currency conversion
• Use bank ATMs only
• Check exchange rates beforehand
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