Friday, August 30, 2013

ATM scam which may have cost banks a lot of money

Two serving gardaí have been accused of an alleged ATM scam.

The scam goes like this. A bank customer goes to the ATM and requests €300. There is a device on the machine that if the money is not removed within a certain time the machine retrieves the money.

If the customer removes just €100 and leaves the €200 in the ATM, the ATM takes back the €200 but the machine presumes it has taken back all €300.

The customer goes along to the bank, explains that she or he forgot to take the money and the bank credits the account with all €300.

How much money have banks lost on this scam?

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