US Bank - US Bank Allowed Fraudulent ATM Deposits of Stolen Checks

Posted on Friday, December 7th, 2007 at 11:36am CST by e470a856

Company: US Bank

Location: US

Category: Other

This posting is to describe an experience with US Bank and its apparently regular practice of allowing the fraudulent deposit of checks through its Automated Teller Machines (ATMs). I am extremely interested in learning how many others in the country have had a similar experience.

In this situation, US Bank repeatedly accepted - through its ATM system - fraudulent deposits of stolen checks on which the name of the payee and endorser clearly did not match. Despite this mismatch of payee and endorser, US Bank continued to accept and process these deposits for a significant period of time. Furthermore, at no time did the bank ever notify the payee of the checks that these illegal transactions were occurring. To date, US Bank has refused to take full responsibility for its actions and to make things right.

If you or someone you know has had the same or a similar experience with US Bank, I would sincerely appreciate hearing from you. Given the ease with which the thief used US Bank ATMs to make these fraudulent depositis, I suspect that others have been victimized in the same manner. Please email your story to me at [email protected]


Post a Comment