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Why Banks Destroyed Debit Card Ingested By Their ATM - Business - Nairaland

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Why Banks Destroyed Debit Card Ingested By Their ATM by opera1(m): 5:08pm On Jan 06
Why Banks used to seize and destroy any Debit card ingested by their ATM terminal?
Is there any law that support this or it's a kind of pure wickedness.? Coz at times it may be a kind of electrical or technical issue on the ATM terminal.
Re: Why Banks Destroyed Debit Card Ingested By Their ATM by Seasasa(m): 5:48pm On Jan 06
Normal security reasons
Re: Why Banks Destroyed Debit Card Ingested By Their ATM by jaeyking(m): 5:54pm On Jan 06
How do I verify that you are the owner of the card

Do you have an account with us?

So it's for security reasons
Re: Why Banks Destroyed Debit Card Ingested By Their ATM by ikeno(m): 6:47pm On Jan 06
They are doing it for your own security purpose.
Re: Why Banks Destroyed Debit Card Ingested By Their ATM by Jogs1900: 7:00pm On Jan 06
CBN regulation...If its their own bank card, they will give you after verifying that you are the owner using the kyc in place..Other banks card are destroyed because they don't have access to their kyc.

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Re: Why Banks Destroyed Debit Card Ingested By Their ATM by moshoodn(m): 9:40pm On Jan 06
Jogs1900:
CBN regulation...If its their own bank card, they will give you after verifying that you are the owner using the kyc in place..Other banks card are destroyed because they don't have access to their kyc.

Apt and succinct..

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