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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
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.
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?
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.
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.
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.
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is happening, they are being sent to jail because they are withdrawing money without even having that they have already withdrawn.
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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