In a significant move to combat ATM scams, California has recently implemented new limits on ATM transactions.
Local authorities have noted a surge in fraudulent activities at ATMs across the state, prompting the introduction of stricter regulations.
Under the new law, banks and financial institutions are required to impose a daily maximum on the number of transactions that can be made at an ATM.
This measure aims to prevent scammers from conducting multiple withdrawals in a short period, thereby reducing the risk of financial loss.
While the change might seem inconvenient to some users, it is viewed as a necessary step towards securing their hard-earned money. |
