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Article #1017

Re: Systems Control in Bank

#1017
From: Chris Campbell
Date: Wed, 02 Jun 1999 00:00
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Maelle,
I don't know about Alan's banks, but in this area it happens. My wife is a
cashier in the Post Exchange (a military version of a K-Mart) and she was
telling me this actually happened just two days ago.
A wife was in cashing a check, my wife did her normal routine of accessing
the system to make sure this person wasn't on the 'bad check list,' and at
the same time, outside the PX, her husband was at the ATM withdrawing cash
from the same account. They didn't have overdraft protection (everyone
should if it's available at your financial institution), and the wife's
check ended up bouncing for lack of funds.
Chris

Maelle Pean wrote in message <37548DB5.1E0F3944@yahoo.com>...
>Greetings,
>
>I have a question here, if two people with the same account (let's say a
>husband and a wife) and they submit their request at the same time i.e
>for $100 and unfortunately that's what they have left in their account
>($100), what controls are in place to ensure that the account is not
>overdrawn? How does the application ensure that only one request is
>granted? Anyone knows about this?
>
>
>
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From: "Chris Campbell" <tech33@wans.net>
Subject: Re: Systems Control in Bank
Date: 1999/06/02
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