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  1. #1
    Join Date
    Oct 2009
    Posts
    2

    Default ATM Deposit Fraud Inquiry

    My question involves criminal law for the state of: IOWA

    A few nights ago I went to the ATM at my local bank in hopes that I would be able to withdraw some desperately needed cash. Having already known that the account balance was overdrawn, I would have to use other means than a simple cash withdraw. I attempted to use the "Direct Deposit Advance" to transfer enough funds into the account to bring it to a positive balance, but I had already met my advance limit from prior transactions. Without the positive balance I couldn't withdraw cash so I made the decision to try and use the "Deposit with envelope" option. The ATM prompted for the amount to be deposited so I entered enough to take care of my overdrafts/fees. I was then prompted for an envelope containing the cash. Acting on a whim I quickly grabbed a nearby empty ATM envelope and put it through the machine... and to my surprise the deposit actually went through. After viewing the balance once more I proceeded to withdraw the amount of cash needed. The balance was barely positive, ergo, another overdraft was processed along with its fee.

    Amount deposited: $100.00

    My question is this - Will I be faced with charges for Deposit Fraud? If so, will the level of the charge be based on the amount of money involved or by some other method?

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: ATM Deposit Fraud Inquiry

    People occasionally make mistakes when depositing envelopes, and assuming they don't go back to the video (or, if they do, that the video doesn't detail what occurred) they may treat this as a mistake, send you a statement correcting the balance, and assessing a new set of overdraft fees against you. But I can only speak to the odds; you'll have to wait and see what happens.

  3. #3
    Join Date
    Aug 2006
    Posts
    563

    Default Re: ATM Deposit Fraud Inquiry

    nice one!

  4. #4
    Join Date
    Mar 2009
    Location
    Key West, FL
    Posts
    2,350

    Default Re: ATM Deposit Fraud Inquiry

    If you make a deposit to cover the overdraft and the fees you might be able to save your account, or at least escape being sued or any criminal liability.

    If you are such a loser that you can't do that, then your account is likely to be closed and the overdraft will become a debt. What the bank does depends on its policies, but I have never heard of a bank pressing criminal charges for a $100 bogus deposit. What WILL HAPPEN is that your pathetic self will be put into Check Systems and you will never get a checking account again in your name or any business name that you are a signer on.

    I strongly suggest you take care of this. Borrow it, pawn something, get a payday loan or something, assuming you don't have a job and a decent paycheck which is what it sounds like if your financial situation is that bad.

  5. #5
    Join Date
    Oct 2009
    Posts
    2

    Default Re: ATM Deposit Fraud Inquiry

    That is exactly what ended up happening. Got a letter in the mail detailing the charges and overdraft fees.

    Much Appreciated.

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