| 释义 |
phantom withdrawal
phantom withdrawal n (Banking & Finance) the unauthorized removal of funds from a bank account using an automated teller machine
Phantom Withdrawal
Phantom WithdrawalA situation in which money is taken from a person's account via an ATM but the bank does not admit bank error and the account holder claims he/she never made the withdrawal. It is a type of identity theft but it may be difficult to determine whether the account holder or the bank is responsible for the loss. Phantom withdrawals are relatively rare. |