Article Search

 Money 'vanishes' in ATM glitch
    May 01 2008 at 09:49AM Get IOL on your
mobile at m.iol.co.za

If you are a Standard Bank customer and have made transactions through a Priora ATM in the past three days, check your bank statements and ensure you accounts are in order.

The Star is in possession of a Standard Bank internal "operational alert" memo issued to all their branches on Wednesday informing staff that, due to "a problem with our batch processing on Tuesday night, ATM withdrawals and deposits that were made on Priora ATMs from Sunday 27 April 2008 until Tuesday 29 April 2008 are not reflecting on customers' statements".

The email lists the affected transactions, which included cash withdrawals, deposits, transfers, electronic account payments (EAPs), prepaids and ATM report actioning. It goes on to inform staff that the transactions would be updated on Wednesday, but that branches are "not to take any action" on a customer's account.
Continues Below ↓





Warren Bell made an EAP of R3 703,41 to his credit card through an Auto Plus ATM on Tuesday afternoon. Later that day, R20 000 was deposited into Bell's account by a family member. Both transactions were reflected on his 30-day statement.

'a teller allegedly told him that what he was proposing was impossible'
However, when he tried to withdraw money from his account on Wednesday morning, he was unable to, and the statement suddenly did not reflect any of the transactions made via an ATM from the previous day.

"I couldn't understand what had happened because it was like it disappeared, because there was nothing there," he said.

When he went inside the bank to query the balance, a teller allegedly told him that what he was proposing was "impossible".

He produced the two statements from Tuesday and Wednesday - one reflecting the transactions, the other one not.

The teller called the help desk, who informed her that there had been a problem with ATM transactions since Saturday, but that they were working on it.
'The reaction from Standard Bank is disgusting'


Continues...


Email StoryPrint Story
BOOKMARK THIS STORY
Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser.

Use the links below to share this article on the social bookmarking site of your choice.

Read more about social bookmarking at Wikipedia - Social Bookmarking

muti



Subscribe now to The Star
     Related Articles
More South Africa stories

Watch IOLs latest videos on YouTube Join IOLs Facebook page Follow IOL on Twitter





     Online Services

Date Your Destiny
 
I'm a 19 year old woman looking to meet men between the ages of 18 and 100.
 

     More Services

     More South Africa Stories