11 Aug
2011
11 Aug
'11
1:11 p.m.
Your money is safe cause it is insured against theft by employees and in this case if the banks finds that the tellers authorized withdrawals against fake credentials i.e (ID and signature) then the teller will be liable to pay the bank for the lost money. You are given a staff loan to pay for the lost funds. But in this case. How can 5 tellers in 5 branches authorize withdrawals on your account. ( it was not ATM all the withdrawals were OTC) and none of them find anything wrong. Either the person doing it was smart or the tellers were negligent, either way there is a lot to it than meets the eye. regards Patrick