Banking security
Discussion
I needed some cash this morning. My debit card has a £250 daily limit on cashpoint withdrawals so, needing £350, I popped into a branch local to my office. Have never been in there before.
Not having drawn cash over the counter for many years, I passed my debit card across the counter and asked for the money, thoroughly expecting to have to validate myself.
But nothing. £350, my card and a receipt are handed back to me. No PIN needed to be keyed, no ID shown.
So what's the point in having all this terminal security when all someone who has pinched your card needs to do is walk into the nearest branch of your bank and ask for your cash to be handed over? A simultaneous balance request, would have assisted them maximising the trnsaction.
Weird.
Not having drawn cash over the counter for many years, I passed my debit card across the counter and asked for the money, thoroughly expecting to have to validate myself.
But nothing. £350, my card and a receipt are handed back to me. No PIN needed to be keyed, no ID shown.
So what's the point in having all this terminal security when all someone who has pinched your card needs to do is walk into the nearest branch of your bank and ask for your cash to be handed over? A simultaneous balance request, would have assisted them maximising the trnsaction.
Weird.
BoRED S2upid said:
Normally would have to sign for it. Soon they will have eye recognition machines!.
Really? I didnt think that current Iris recognition systems were up to much? Something about not being able to tell the difference between something like 50% of those with brown eyes. Thats why the iris scan part of the ID Cards got ditched.threesixty said:
I paid for my car on my debit card a couple of months back.
I found it very hard to believe i was allowed to do that!
Same here, the single largest Visa transaction I ever made and the merchant wasn't even prompted to ring the bank for authorisation.I found it very hard to believe i was allowed to do that!
I was proud and disappointed all in one go!
Edited by SHutchinson on Friday 23 October 13:28
SHutchinson said:
threesixty said:
I paid for my car on my debit card a couple of months back.
I found it very hard to believe i was allowed to do that!
Same here, the single largest Visa transaction I ever made and the merchant wasn't even prompted to ring the bank for authorisation.I found it very hard to believe i was allowed to do that!
I was proud and disappointed all in one go!
Edited by SHutchinson on Friday 23 October 13:28
Marf said:
BoRED S2upid said:
Normally would have to sign for it. Soon they will have eye recognition machines!.
Really? I didnt think that current Iris recognition systems were up to much? Something about not being able to tell the difference between something like 50% of those with brown eyes. Thats why the iris scan part of the ID Cards got ditched.I think there are still reliability problems, the IRIS machines at immigration ( www.iris.gov.uk) are usually quick with my eyes (blue) but I have seen some people use them correctly and it still takes ages to work, or never works and they have to join the passport queue.
Edited by Gareth79 on Friday 23 October 13:33
yammyfan said:
I took out £4000 from my bank once and was asked my name.
I was somewhat concerned and now dont put much money in that account
I tried to take a reasonable amount of cash out of an account and was told that I could only withdraw £1200 a day from the account due to some stupid money laundering rule I was somewhat concerned and now dont put much money in that account
As I already had an account which could make more accounts online, I went home and created another 8 accounts. Promptly taking the various account numbers with me, I went back into my branch an hour later with passport, driving license, and a copy of the t's & c's for the acount. Then pulled out £10k to buy a car which I had my eye on. The manageress was not at all happy but she agreed to allow it 'only once' because she couldn't find anything in the t's & c's to say other wise. By the time I had got home, all the other accounts had been removed along with my ability to create new ones
Halifax - a little extra help
davido140 said:
SHutchinson said:
threesixty said:
I paid for my car on my debit card a couple of months back.
I found it very hard to believe i was allowed to do that!
Same here, the single largest Visa transaction I ever made and the merchant wasn't even prompted to ring the bank for authorisation.I found it very hard to believe i was allowed to do that!
I was proud and disappointed all in one go!
Edited by SHutchinson on Friday 23 October 13:28
my missus paid of a loan we had last year (about 17k in one lump) in the morning, when i was out in the afternoon buying xmas presents for her, they made the merchant phone up for a £15 scarf 
i had to prebook me taking money out of my halifax account as i was doing it at one of their bureaus not an actual branch
i had to prebook me taking money out of my halifax account as i was doing it at one of their bureaus not an actual branch
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