ATM withdrawals at gunpoint

[Zukat]

Thank you for all your input, it seems the problem is relevant and from the answers victim doesnt seem to have much of leeway if found with cards in possession. What about secondary SOS pin, which when entered only dispatches a random amount between R50-R200 only, with "insufficient funds" message for any higher values. Can that be a deterrent?

 

[Bryn]

Thank you for all your input, it seems the problem is relevant and from the answers victim doesnt seem to have much of leeway if found with cards in possession. What about secondary SOS pin, which when entered only dispatches a random amount between R50-R200 only, with "insufficient funds" message for any higher values. Can that be a deterrent?

If you look like a hobo then maybe they would accept that your bank account is pretty much empty, cut their losses and just bugger off. But that won't apply to most victims and they'll think you're being clever with them.

In situations like these, the pressure is so extreme and traumatic that you go into autopilot. They will ask you how many bank accounts you have and how much money you have in each of them, and under the threat of torture and death to yourself and your family, you will simply tell them the truth. It will be made abundantly clear that if they catch you lying, there are no second chances for you and that your family will pay the price for your lack of cooperation. These guys have usually had plenty of experience and know the strategies that achieve results.

I personally know 3 people who have experienced this ordeal, and in all three I couldn't imagine any strategy that they could have taken to achieve a better outcome. They were all cleaned out to almost zero. You get put in a position where any action other than total compliance introduces a material change to the risk of death.

So it probably makes zero difference what the heck you do ahead of time, because you'll be meticulously explaining your security protocols and how to disable them anyway if it happens to you.

 

[Gaz{M}]

This thread is just bizaare. Like no actual details or anything, just random scare stories like you expect us to know what the hell you are talking about.

 

[ArtyLoop]

Thank you for all your input, it seems the problem is relevant and from the answers victim doesnt seem to have much of leeway if found with cards in possession. What about secondary SOS pin, which when entered only dispatches a random amount between R50-R200 only, with "insufficient funds" message for any higher values. Can that be a deterrent?

Virtually impossible to do as it would violate numerous aspects of transaction processing that are mandated in published specifications.

 

[Mimen]

Open a Tyme bank account online. Go to PnP and get a card as they print it there and need your fingerprint and keep it on you. Hide your real bank card in your car and put the Tyme bank app on your phone. Put a few bucks in Tyme bank
Then whenever possible Do card less cash withdrawals. That way if the get you your Tyme bank ap is on your first phone screen so they can't up your daily limit on your real card and there is a few bucks in your time bank.

 

[Tokolosk]

Do banks reimburse or trigger some insurance in such a situation?

I'd rather give them everything they want and stay alive than hang on to it all and die - or even worse put family at risk.

 

[The_Mowgs]

Do banks reimburse or trigger some insurance in such a situation?

I'd rather give them everything they want and stay alive than hang on to it all and die - or even worse put family at risk.

I doubt it. I think it only covers fraudulent transactions etc.