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Twice the Money out of the ATM mashine

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bizman

Corporate Services
Hundreds of people flocked to a Nationwide Building Society cash machine in Manchester yesterday after it started dispensing twice the amount of money requested.


Great story, I wish it was me that was on this ATM :D
 

clowdi

Corporate Services
Business Angel
LoL, yes it would have been nice to be there. Must be a good feeling that you want to withdraw 100 and you get 200 ;)
 

gwenpinay

Offshore Agent
Yes, it would have been. But I'm sure you won't enjoy it as much when the bank rectifies the mistake and debits your accounts accordingly. Unless you withdraw everything you've got and disappear from the face of the earth or stash the stolen cash somewhere no one can find, it won't be that easy to steal from a money machine.
 

Postman

Offshore Agent
I know that most of you would like to be there when that ATM is not functioning well. The problem will come after that. Do you think that you can get away with the excess money?


The excess would be deducted to your account too!
 

crimson

Offshore Agent
Yes it might be good if you were there but the consequence is tough. Banks can backtracked all the withdrawals that happened there and they can deduct it from your current account.
 

gwenpinay

Offshore Agent
The flip side of excess cash at withdrawals is no cash dispensed and your account has already reflected the deduction. When you complain to the bank, they can trace the undispensed cash and return the funds to your account. The same goes for excesses in cash dispensed. The bank will be able to trace the accounts and the actual cash dispensed on each transaction and will take it out of your account.
 

wildy

Offshore Agent
You know that this little ATM machine has a little printer, which prints every move this machine does?


If the machine grabs one note for 50 and took two. This is recorded on the printing and on the chip inside the ATM machine.


So, if you get 200 instead of 100, you pay 200 to your bank.
 

tongyun

Offshore Agent
It may sound like a great idea to request 100 and get 200 in return, but since the money is tied to your bank account when you use an ATM, it is still your money that you are taking and not just some free handout.
 

wildy

Offshore Agent
I still prefer wining the lottery. They bring the money into my account.


So I do not have the carry it from the ATM machine to me at home and count the notes to bring it back to the bank.


Lottery is still easier.
 

Machida

Offshore Agent
In some cases where this is happening, they are being sent to jail because they are withdrawing money without even having that they have already withdrawn.
 

sanju123

Offshore Agent
Nobody would mind such an offer but the fact remains that in the end it will be your account from where that excess money would be deducted. So it is better to report such a malfunctioning right away.
 
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