Quizzes & Puzzles0 min ago
ATM spits out money
9 Answers
This seems like a dream come true, but will those who were lucky enough to find an ATM giving out double the amounts of cash requested actually find that their bank accounts will be debited for the amount they thought they got away with?
The story says the ATM is an independent, so I wonder if they are covered for such an event, and whether all cash transactions can be traced so that the banks will be able to recover losses from the ATM company.
http://www.bbc.co.uk/...side-central-12243657
The story says the ATM is an independent, so I wonder if they are covered for such an event, and whether all cash transactions can be traced so that the banks will be able to recover losses from the ATM company.
http://www.bbc.co.uk/...side-central-12243657
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For more on marking an answer as the "Best Answer", please visit our FAQ.This happened with Bank od Ireland machines a few weeks back. NOt only did they recharge every penny, on day one they stated they would also charge unauthorised overdraft rates... (they later said that wouldn't apply - after they'd applied the rates)
http://www.irishtimes.../1208/breaking26.html
http://www.irishtimes.../1208/breaking26.html
Yes all cash transactions can be traced, an audit roll gives sort code and account number or card number, so a letter should be sent to your bank requesting authority to debit your account with the correct amount. Of course you could refuse but if your bank thinks they have a dishonest customer it would not do your relationship with them much good, especially if you want something from them in the future.
Thanks
And to add to Wildwood's point :
Say for instance, the cash transaction amount was transmitted to one's LTSB account correctly, but the independent ATM gave double due to a mechanical fault. Audit trails would identify that the ATM was down by double the amount of cash than the transaction indicated. Could the ATM company then pursue LTSB for its loss, passing the debt to the LTSB customer?
Just trying to imagine that people can get lucky once in a while - or whether you should just wait until the cash is actually flying down the street towards you.
And to add to Wildwood's point :
Say for instance, the cash transaction amount was transmitted to one's LTSB account correctly, but the independent ATM gave double due to a mechanical fault. Audit trails would identify that the ATM was down by double the amount of cash than the transaction indicated. Could the ATM company then pursue LTSB for its loss, passing the debt to the LTSB customer?
Just trying to imagine that people can get lucky once in a while - or whether you should just wait until the cash is actually flying down the street towards you.
-- answer removed --
once happened to me at a branch of my building society,on a Saturday I withdrew £20 and with it came as extra a torn half of a twenty pound note, we waited until the next customer used the machine in case they had the second half of the note but it didnt come out, went to the bank on the Monday handed over the torn half and they gave me £20 in return, never heard another thing about it, but it was a few years ago !
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