🚀 go-pugleaf

Walter Roberson wrote in message <7je6ro$mio$1@canopus.cc.umanitoba.ca>...
>In article <375e1ba4.18513949@news.dynamite.com.au>,
>Alan Vidler <avidler@pcug.org.au> wrote:
>:>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
>
>:Every (err, all 3) banking system I've worked on would serialise
>:access to the account.  The first one in the queue, whether by a
>:millisecond or less, would get the loot.  The other would bounce.
>
>About 3 years back, my bank was bought by another bank. Eventually the
>two account systems were merged, at which time they changed the
>"card-hold agreement" (the fine print that goes with the ATM card.) The
>new agreement contained a clause that allowed the bank to give out my
>SIN (Social Insurance Number, Canadian equivilent to the US SSN; a
>number that is only *intended* to be used for tax purposes) to third
>parties. Nominally only if the bank was running a credit check on me,
>but the wording allowed them to give it out at will. I pushed through
>the initial explanations (the bank doesn't need to run a credit check
>on me, I've never asked them for a loan, I have no credit cards, and I
>have a solid balance), and was eventually told this:
>
>  Some of the ATM machines in the city, associated with some of the
>  smaller financial institutions, are only on-line during the day, and
>  at night process requests locally and transmit them to the bank in
>  the morning. Also, sometimes the ATM machines that are usually online
>  24 hours lose contact with the bank, in which case they fall back to
>  processing transactions locally and transmit them when the link
>  becomes available again.
>
>  In either case, the ATMs are (or were then) programmed to allow
>  withdrawls of $C100 at a time, up to $C500 per night: they would
>  assume that I had at least that much in the account. Now, because I
>  could hypothetically run around from offline ATM to offline ATM
>  withdrawing up to $C500 per machine, I could hypothetically empty out
>  my account and more, in which case the bank would consider the
>  overdrawl as a "loan". Because the bank could thus theoretically be
>  loaning me money in this way, they wanted to be able to run credit
>  checks on me when the situation came up, just as they would for other
>  loans and lines of credit, and as their normal practice was to give
>  out the SIN when running a credit check, that's why the clause was in
>  the card-holder agreement.
>
>
>I refused the agreement and did without an ATM card.

Right on dude!

schm3ar