Friday, August 30, 2013

ATM scam which may have cost banks a lot of money

Two serving gardaĆ­ 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?

No comments:

Featured Post

Channel 4 shows the lies told by UK Post Office bosses

Channel 4’s main evening news yesterday spent the first 20 minutes reporting on the UK Post Office scandal. They played audio tapes from 201...