If you opt for two accounts in the same bank, then you'Ll have to pay twice for fees and there is a likelihood that the secondary account will go to -ve. Maybe have a synchronized system in the bank where a discreet panic button is on the keypads, and when pressed, it disables all ATMs in the lobby, 'swallows' the card from where the panic came, alarm goes off and all door close. A camera can come in handy to stop an ATM from working if two people go to make a withdrawal but not on deposits. On 07/10/2009, Dennis Kioko <dmbuvi@gmail.com> wrote:
Another solution is to have two bank accounts in the same bank. One should be the main account that has a large sum of money, while the secondary account has a small amount of money. You then leave the ATM for the primary account at home and walk around with the secondary account ATM. You then use mobile electronic transfer to transfer a "safe" sum of money from primary to secondary account. This way, only the "safe" amount will be at risk.
2009/10/7 wesley kirinya <kiriinya2000@yahoo.com>
LOL,
How come I've never been told this? I have ATM cards from several major banks and I definately cannot recall them telling me that this is possible. Since I've never had anyone else mention this (which means the banks haven't told them) I can only assume that these Banks know of a flaw in that technique or their ATMs don't support it.
O_O!
--- On *Wed, 10/7/09, Jared Koyier <jaredkoyier@gmail.com>* wrote:
From: Jared Koyier <jaredkoyier@gmail.com> Subject: Re: [Skunkworks] Guardin against ATM thefts To: "Skunkworks Forum" <skunkworks@lists.my.co.ke> Date: Wednesday, October 7, 2009, 9:04 AM
Wesley .....this has always been there,though i have never tried it. When under distress key in your PIN in reverse order. The balance will be a fraction of your total. I understand it's a std for all ATMs.
On 07/10/2009, wesley kirinya <kiriinya2000@yahoo.com<http://us.mc1120.mail.yahoo.com/mc/compose?to=kiriinya2000@yahoo.com>> wrote:
I believe many of us have heard of someone who was forced by thugs to go to an ATM and withdraw cash.
So an idea popped. Why can't banks issue atleast 2 PINs per ATM card. If a person is forced to withdraw cash then they can use the second (distress) PIN. This PIN will let the system display that the person only has a fraction of the amount in his/her account. Once that PIN has been used, using the first PIN will not display the correct amount in the account until the person visits one of the bank's branch.
This way thugs only get a fraction of the original amount. Thugs would know that a person has 2 PINs but it's a 50/50 gamble on whether they will use the right PIN. Thugs may force the person to give up his/her 2 PINs. If they use the second PIN there is no way of knowing the true amount in the person's account even if they used the first PIN. If they used the first PIN before the second PIN then it's a lucky day for the thugs.
Whether use of the second PIN should generate a distress call is another issue. Atleast the above offers some way of protection for bank customers. Thugs will get away with some of the money but not as much as they could have gotten away with.
o_O!
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