ATM theft on Credit Card

nidO

Candyapple wrote: »

if the daily cash withdrawal limit is £300

It isnt, i'm not sure where you got this £300 figure from - Halifax credit cards have a £500/day withdrawal limit.

bengal-stripe

nsalam wrote: »

I have been the victim of ATM theft on my credit card to the tune of 4.5k.

nsalam wrote: »

Yes, happened over a consecutive 8 day period with 25 transactions, peaking at 4 a day on one day.

nidO wrote: »

Halifax credit cards have a £500/day withdrawal limit.

Even if the person(s), over the course of eight days, did withdraw right up to the maximum daily limit of £500, that makes it £4k and leaves an additional £500 still unaccounted.

grumbler

Reportedly, daily cash limits are less strict than we think.

PeacefulWaters

nsalam wrote: »

My suspicion falls on the Bank - someone in the Halifax has undertaken this theft.

You think a staff member has cloned your card, moved themselves to within a 2 mile radius of where you're based and got multiple ATMs to dispense cash over and above the daily cash machine withdrawal limit?

Wow.

pvt

bengal-stripe wrote: »

Even if the person(s), over the course of eight days, did withdraw right up to the maximum daily limit of £500, that makes it £4k and leaves an additional £500 still unaccounted.

An "8 day period" will encompass 9 daily withdrawal limits of £500. First withdrawal can be made just before midnight, last withdrawal just after midnight.

Why are people giving the OP such a hard time here?

nsalam

The withdrawals were made - in the main - slightly before midnight and just after midnight. Well spotted to the one individual ....

nsalam

PeacefulWaters wrote: »

You think a staff member has cloned your card, moved themselves to within a 2 mile radius of where you're based and got multiple ATMs to dispense cash over and above the daily cash machine withdrawal limit?

Wow.

Yes, it is plausible. Don't forget, if they collude internally, anything is possible

SnowTiger

This seems to have been going on for some time.

Are these Chip and PIN withdrawls? Maybe you've already answered that and I missed it.

nsalam

Yes, they are C&P ATM withdrawals.

SnowTiger

nsalam wrote: »

Yes, they are C&P ATM withdrawals.

IIRC there was an item on TV about this sort of thing a while ago. Maybe Watchdog or Panorama?

Apparently, the 'chip' has some sort of counter. Presumably this should tally with the number of times it's been used.

IIRC, again, there were cases of banks backing down and customers receiving refunds after it had been shown their card wasn't used for cashmachine transactions.

It appears that Chip and PIN isn't 100% secure, however it's believed the effort needed to break it isn't worth the trouble.

http://www.bbc.com/news/technology-19559124:

In a statement given to the BBC, a spokeswoman for the UK's Financial Fraud Action group said: "We've never claimed that chip and pin is 100% secure and the industry has successfully adopted a multi-layered approach to detecting any newly-identified types of fraud."