Automated teller machines are so fully integrated into American life that it's sometimes difficult to remember just how marvelous the technology is. The fact that the global telecommunications infrastructure enables real-time connections to bank accounts all over the world is incredible enough, but ATM's also perform remarkable, and remarkably consistent, mechanical functions: first dispensing cash in precise quantities, and now even accepting deposits of instantly-counted cash and machine-read checks. Even if the machine-reading isn't yet at 100% accuracy, the cash counting function itself is pretty remarkable.
Of course, no technology is perfect, and most people have wondered at one point or another, "what would happen if an ATM dispensed the wrong amount of cash?" I actually asked a cashier at my local credit union that very question, and she responded that they count the cash at the end of the night and would notice any disparity and correct it. Whether that's true or not, I had my own ATM mishap last week, and I have to confess it was resolved perfectly, at the cost of a single 21-minute phone call.
Here's what happened.
Bank of America ATM's accept money order deposits, but they are not great
I've deposited hundreds of thousands of dollars of money orders in Bank of America ATM's over the years and never run into any problems although, depending on the model of the money order printer and the model of the ATM, I usually have to manually input the amount of the money orders I deposit.
What had never happened to me before last Sunday was for the ATM to accept my money order deposit, go to a "processing" screen for 2-3 minutes, and then "cancel" the transaction without returning the money orders or acknowledging the transaction in any way.
I immediately checked my account online, and when I saw no transaction had been recorded, it was time to get on the phone.
Filing a claim
I used the "contact us" button within the Bank of America iPhone app, which dialed 844-870-8569. After explaining the situation to the front-line rep, I was directed to a department I believe was called "fraud," and given an additional phone number, 877-366-1121. After explaining the situation to that rep, I was then transferred to another department, which I wasn't given the name of. That rep was finally able to open a claim for me. He asked for:
- the date of the transaction;
- the approximate time of the transaction;
- the amount of the deposit;
- the serial numbers of the money orders I deposited;
- the ATM's identification code, which was tucked over the ATM's screen and under the ATM's hood (it took me a minute or two to find).
I also asked him how often this kind of thing happened, and he answered that he gets "3-5 calls per day." Naturally, after I tweeted about the situation I heard from several readers who had experienced identical problems. That's what you get when you execute several lifetimes' worth of ordinary ATM usage every year!
As promised, my account was credited with a "temporary credit" on Monday, September 11 (actually one day earlier than promised). On Thursday, September 21, I received an online message that the claim had been resolved and the temporary credit was made permanent. The entire text of the attached PDF was:
"We've concluded our investigation of this disputed transaction. The previously issued credit is now permanent."
I assume I'll receive a paper letter to the same effect in a day or two.
I don't think there's an epidemic of malfunctioning Bank of America ATM's sweeping the country, so I don't think this is something you should be worrying about, let alone obsessing over. The real point of this post is simply to put your mind at ease: there is a system for resolving ATM transactions which malfunction, and it works.
Unlike, for example, claiming credit card trip delay insurance, there's no secret recipe for resolving these problems. Just call immediately, provide as much information as possible, and your claim will be resolved in short order (and you'll have use of the money in the meantime). I imagine that some of the information I provided wasn't even necessary to resolve the claim. Since I called immediately I was able to provide the ATM's identification code, but if I waited until I got home I assume Bank of America would be able to look it up themselves.