Has an ATM ever ate your money?

[mynewhome]

I have a Tangerine account and use Scotiabank ATM's. Some of the machines accept deposits without envelopes. I have done a few with cash without problems until my most recent one which took the cash but did not acknowledge it. It gave me a receipt indicating an error and to contact the telephone number on the receipt.

The way the bank handles this is more disturbing than the small amount of cash involved.

-Have to wait 10 business days before they can formally investigate.

- After 10 days give a temporary credit pending results of investigation

- Over 1 month later a call indicating there was no discrepancy in the machine and take back the temporary credit leaving a negative balance in my account

-Was told the only action I could do was to submit a letter in writing to the department of b.s.

-Called back and spoke to someone who promised to help....

waiting

So how can anyone feel confidence in making any cash deposits in these machines now?

Switching to simplii financial.

[Korth]

Mechanical malfunctions and computer mistakes and human error aren't impossible. But they are extremely improbable - money-dispensing machinery is very tightly regulated, certified, controlled, and calibrated. Quite advanced technology with multiple failsafe redundancies, checks, double-checks, and audits. Banks spend money preventing security issues because they don't wanna lose money to preventable security issues.

You might have been a victim of card skimming. It's a form of theft the banks take very seriously but also keep carefully unadvertised. Look it up and admire the shockingly factory-perfect technical and professional qualities that savvy thieves can accomplish.

[countonalex]

Never and I use them every so often. I try not to carry cash with me. 

[Psygineer]

Honestly, I would never do those. I don't see the point of taking any risks with deposits. I don't even like using ATMs in general. I pay via credit card whenever possible and debit when I have to.

I withdrew $500 from an ATM once and only once due to travelling and wanting to make sure I had emergency money. I counted the money twice and I was short $20. I contacted the bank, similar story, ended up just losing the $20.

[Dunkman]

@mynewhome 

Personally, I don't do cash deposits via ATM.  Just don't want to risk it.  

This topic would be more appropriate for the Lounge section.