I might be in trouble.. ATM?

Question

One day I go to a ATM to deposit money ($100) So I stick in my card and by mistake I put in a $20 in the Envelope Deposit slot. When I realized this I checked to see if I could withdraw it and hit withdraw $100 by mistake and it did and my balance didnt change at all. I liked it so I did it two more times that day. I did it two more times today. All together like $500. But then I realized that I might get in trouble.. Do you think my bank will notice that I did this and if they do, what kind of problems might I be looking at??

Answer 1

Yes, anyone can put an incorrect amount on the screen for a deposit but put less in the actual envelope. The bank will show that you have money pending deposit but when they go through all the envelopes and find only $20 in yours they will correct it right away and show a negative balance for the money you overdraw. Every time that you overdraw your account you get about $20 in fees so its your loss.

Answer 2

Hmm....yes, your bank will notice. You are not the first person to do this. They will do the things other people have told you they will do, like charge you ridiculous fees and flag you as overdrawn.

What you haven't been told is that you have now lost the trust of the bank.

If, in the past, you have had no money in the bank and been able to withdraw money against the what you just deposited, you have just lost that privilige. The bank will now hold each and every deposit you make to verify it before they release the money to you. Going to the teller may not help much, they will still put a hold on your checks because they don't trust you any more.

A friend of mine did the same thing, it took him five years to build up the trust with the bank and 5 seconds to lose it forever,

The best thing to do is to go talk to the bank manager, give back all the money owed, immediately, and admit to being really dumb for a day. If you are young, you just might get away with it. Its better that you turn yourself then have them chase you down.

Good luck.

Answer 3

Maybe you could just give it back and fess up for making the mistake. That way, you wouldn't have to worry about it anymore. I mean, those things have camaras in them, so they'll probably be able to figure it out. I don't know that I entirely blame you. It felt like free money, eh?

Either way, it is theft and perhaps some sort of fraud as well. I'd come clean before they get the police involved. That'll save you time and money down the road.

Answer 4

Double inspect your stability in the previous than you're saying some element and verify the better $ 2 hundred was not definitely charged to your account. Then notify the economic organisation related to the errors. the quantity you withdrew is a key to the transaction. in case you had to take out $ 2 hundred however the ATM gave you $ 4 hundred, the pc might have by probability processed the comparable transaction two times.

Answer 5

Most definitely will your bank notice. You need to report the error made to your local bank or it can make matters worse. The bank will freeze your accounts until a Bank Manager investigates the incident with you and they would be looking for honesty to determine whether they will give you another chance with regard to your ATM limits. Worse case scenerio is that they would exit the relationship with you.

Answer 6

You might be in trouble if you will not report this to your bank, because it's a computerized system, later they noticed it and your account number will appear. I suggest that you report tjis immediately to avoid problems.

Answer 7

Yeah, unless you have enough money in your account to actually cover the amount you withdrew then it is stealing.

Answer 8

yes they'll notice it and they will overdraw your account and charge you exhorbitant fees for your stupidity. c'mon now!!!

Answer 9

theft are you stupid